Amazon's stock closed at a record $284.02 on Aug. 3, 2026, and now trades near $254, about 11% below that high, ahead of third-quarter earnings on Oct. 29. AWS, the main source of Amazon's operating profit, grew 36.7% in the second quarter, its strongest growth in 18 quarters. Analysts expect AWS revenue to rise 30%-35% in the third quarter, and results above or below that range could move the stock sharply. Amazon plans about $220 billion in capex this year, mostly for AI infrastructure, so investors will also watch whether that spending rises. At 24 times next year's earnings, the stock could be revalued as a high-growth AI infrastructure play if growth stays strong without a big capex increase.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/15/2026 | 254.76 |
| Change that session | +0.27% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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