Amazon's capex hit $77.3 billion last quarter, up 43% sequentially and $20 billion above LSEG-Reuters analyst expectations, pushing its stock lower. The quarter also saw a $7.6 billion cash burn, and Amazon forecasts $220 billion in capex this year. Microsoft lowered its full-year spending outlook to $170 billion from $175 billion, while Tesla cut its forecast to about $20 billion from $25 billion despite an 88% jump in quarterly capex to $4.7 billion. Tech and AI infrastructure stocks have fallen sharply over the past month, with SOXX down 9.6% and QQQ down 3.3%. CEO Andy Jassy said 2027 capex would be “meaningfully more” than this year, citing strong AWS demand and a “clear line of sight to attractive financial returns”; AWS sales rose 39% to $46 billion.
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AMZNAI investmentcloud computingtech stocksdata centers
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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 10/29/2026 | 244.23 |
| Change that session | -4.07% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/29/2026 | 283.75 |
| Change that session | -12.66% |
MSFT
• NeutralMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/29/2026 | 530.43 |
| Change that session | -0.11% |
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/29/2026 | 403.29 |
| Change that session | -0.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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