Amazon's fiscal third-quarter results fell short of analyst expectations, but AWS sales grew 39.3%, the fastest pace in nearly five years and up from 37% in the prior quarter. The company gave a cautious outlook for the fourth quarter, including the holiday shopping period, and shares fell more than 6% in after-hours trading. Amazon plans to hire 300,000 U.S. seasonal workers for the shopping season, up from 250,000 last year. Capital spending, mostly on AI, is now expected to total $220 billion, up from the $200 billion plan announced in February, and CEO Andy Jassy said even that level would not meet all demand this year. Alphabet's weaker-than-expected report and capital spending topping $51 billion have raised concerns about AI spending across the industry.
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AMZNearningscloud computingAI investment
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Related tickers and likely impact
AMZN
▼ Likely negativeAmazon
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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