Amazon (AMZN) shares fell about 4% ahead of its quarterly results as investors worry that hyperscalers' soaring capital expenditures are eating into cash flow. Gene Munster of Deepwater Asset Management said Google's weak results were a warning sign for Amazon investors, citing growing long-term risk from personalized bots to the business. Alphabet posted third-quarter revenue of $127.58 billion, up 25%, while net income available to common stockholders fell to $26.17 billion ($2.12 per share) from $34.98 billion ($2.87 per share) a year earlier. For Amazon, StreetAccount estimates project AWS revenue growth of 38%, up slightly from 37% last quarter, and CEO Andy Jassy said cloud capacity is largely sold out heading into next year.
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AMZNearningscloud computingcapital expenditure
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Related tickers and likely impact
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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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