Amazon and Intel both reported third-quarter results on October 29, 2026, with strong AI numbers, but Intel shares fell from $93.09 to $59.97 while Amazon was down 9.71% over six months. AWS revenue rose 39% to $45.98B with a $578 billion backlog, but Amazon's capex jumped 120% to $77.26B, leaving a trailing free cash outflow of $42.4B despite a 13.9% operating margin. Intel's Data Center and AI revenue rose 78% to $7.32B, but Intel Foundry lost $1.85B and external foundry revenue was only $411 million. Intel raised $23B in new equity and warned it probably will not generate positive free cash flow next year as it ramps Intel 18A, Intel 3 and 14A simultaneously. The article views Amazon's spending as a 'good burn' backed by signed demand, while Intel suits turnaround investors who can tolerate a cash-negative 2027 and would change their view once named foundry customers sign on.
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AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/02/2026 | 245.63 |
| Change that session | +2.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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