"Despite having turned a corner after struggling for most of 2025, Amazon was caught up in the broad market's AI-induced sell-off last fall, which began in late October and carried through the end of the year as concerns about a bubble persisted. The stock is down 0.49% over the past year and up just 1.36% over the past six months."
"After reporting Q3 earnings on Oct. 30, AMZN hit its first all-time high since February. On the year, Amazon is up 2.27% and it has gained 11.80% 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."
"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."
"Also last month, the company debuted a line of branded Amazon Grocery products - the majority are priced under $5 - to go along with its same-day grocery delivery, which was announced in August. On July 8, it was reported that Amazon founder Jeff Bezos sold nearly 3 million shares worth $665.8 million over two days in July as part of a plan announced earlier in 2025 that will see Bezos unload up to 25 million shares through May 2026."
Shares of Amazon lost 2.37% over the past five trading sessions after gaining 2.54% the five prior. The stock was impacted by a broad market AI-induced sell-off beginning in late October and carried through year-end. The stock is down 0.49% over the past year and up 1.36% over the past six months. After reporting Q3 earnings on Oct. 30, AMZN hit its first all-time high since February. The earnings beat included EPS of $1.95 and revenue of $180.17, with AWS revenue of $33 billion and advertising revenue of $17.7 billion. Leaked plans target replacing about 600,000 jobs with robots and deploying an AI foundation model. The company launched Amazon Grocery products and founder Jeff Bezos sold nearly 3 million shares as part of a larger planned sale.
Read at 24/7 Wall St.
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