Amazon.com (AMZN) is set to report its third-quarter results for fiscal 2026 on Oct. 29, after the market closes. Ahead of the results, investors are waiting to see how the company’s aggressive artificial intelligence (AI) spending will show up in its earnings and cash position. In August, Amazon pushed its capital spending estimate from $200 billion to $220 billion, mainly due to higher memory and component costs and continued build-out of AI and cloud infrastructure. This is supported by the continuous growth in its AWS segment.
Ahead of its earnings, let’s take a closer look at the tech giant.
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About Amazon Stock
Amazon, headquartered in Seattle, Washington, operates global e-commerce, cloud computing, logistics, advertising, streaming, and AI services. The popular tech giant has a massive market capitalization of $2.69 trillion.
Amazon is…
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