Amazon shares fell 3% to $246.30 while Alphabet dropped 12% after disappointing third-quarter results, raising the stakes for Amazon's upcoming AWS report. Alphabet's EPS came in at $2.12 due to an $8.7 billion loss on equity securities, missing estimates even as Google Cloud revenue grew 103%; Microsoft's capex of $45.2 billion fell short of the $50.7 billion consensus. Analysts expect AWS revenue of $45.68 billion, up 38%, while UBS forecasts AWS operating margins of 46% for 2027, above the 39% consensus. The article says the key questions are whether AWS growth and margins hold up, and whether Amazon holds, cuts or raises its capital spending after lifting it in July. Meanwhile, Meta rose 3% to $629.16, while Microsoft fell 2%.
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 324.89 |
| Change that session | +1.34% |
AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/28/2026 | 254.60 |
| Change that session | +0.59% |
META
▲ Likely positiveMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/28/2026 | 612.49 |
| Change that session | -1.24% |
MSFT
▼ Likely negativeMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 531.01 |
| Change that session | -0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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