Amazon Stock Sinks Over 7% After Q3 Miss as AI Spending Deepens Cash Outflow

thecryptobasic2026-10-30 12:01:53

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Amazon Stock Sinks Over 7% After Q3 Miss as AI Spending Deepens Cash Outflow

Amazon (NASDAQ: AMZN) shares sank more than 7% to around $226 in Friday's premarket trading after the company's third-quarter earnings and revenue fell short of Wall Street estimates. The results also showed a sharp deterioration in free cash flow amid heavy spending on artificial intelligence infrastructure, even as growth at Amazon Web Services (AWS) accelerated.

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