Amazon's stock dropped 3% ahead of its Q3 report, pressured by Alphabet's 12% plunge after disappointing results. Investors are closely watching Amazon Web Services (AWS) growth and margins, with analysts expecting strong revenue growth of 38% for AWS. Meta's stock rose 3%, while Microsoft pulled back 2%, reflecting mixed sentiment among AI and cloud giants. The key question for Amazon is whether AWS can maintain growth and margins amid heavy AI investments and capital spending, especially after Microsoft reported strong Azure growth. Market watchers await Amazon's report to see if it can meet or exceed expectations in this competitive landscape.
Amazon shares are down 3.24% on Pluang, trading at USD 246.35 as of Oct 29, 2026 23:31 WIB. Alphabet fell sharply by 12.19% to USD 285.29, while Meta gained 2.98% reaching USD 630.73 at the same time.
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