"On the year, Amazon is up 6.57% and it has gained 16.36% over the past year. The earnings report beat on top and bottom lines, with EPS of $1.95 vs. an estimated $15.7, and revenue of $180.17 vs. $177.80 estimated. Meanwhile, revenue from Amazon Web Services was $33 billion and revenue from advertising was $17.7 billion. Concerns about the company's enormous AI CapEx remain, but after the Q3 earnings call, the stock was rewarded by bullish investors."
"Shares of Amazon.com Inc. (NASDAQ: AMZN) lost 5.61% over the past five trading sessions after losing 0.81% the five prior. Despite having turned a corner after struggling for most of 2025, Amazon has gotten caught up in the broad market's sell-off, which began in late October as concerns about an AI bubble spilled over. After reporting Q3 earnings on Oct. 30, AMZN hit its first all-time high since February."
"In October, leaked documents revealed that the company is aiming to replace around 600,000 Amazon jobs with robots, with the management team estimating that the effort could trim 30 cents off each item purchased via the e-commerce giant by 2027. In July, the company deployed its 1 millionth robot while also deploying its new AI foundation model to power its robotic fleet."
Amazon shares declined over recent trading sessions as the stock joined a market sell-off driven by AI bubble concerns. Q3 results beat estimates with EPS of $1.95 and revenue of $180.17 billion, while AWS generated $33 billion and advertising $17.7 billion. The company continues large AI capital expenditures and is expanding robotics, aiming to replace roughly 600,000 jobs and reduce per-item costs by 2027 after deploying its 1 millionth robot. New branded Amazon Grocery products and same-day grocery delivery launched, and founder Jeff Bezos sold nearly 3 million shares as part of a larger sale plan.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]