By David Moadel
Publication Date: 2026-10-29 16:22:00
Alphabet’s brutal selloff just raised the bar for Amazon’s AWS report, and the question now is whether AWS margins and growth can hold up where a rival stumbled.
Caution is building around Amazon (NASDAQ:AMZN | AMZN Price Prediction) ahead of its upcoming third-quarter report, as a steep selloff in a fellow tech giant raises the bar for Amazon Web Services (AWS). Amazon stock is at $246.30 in midday trading, down 3%.
Among the other AI giants, Meta Platforms (NASDAQ:META) stock is at $629.16, up 3%. Microsoft (NASDAQ:MSFT) stock is at $522.92, down 2%.
Alphabet’s Selloff Raises the Bar for Amazon
Alphabet (NASDAQ:GOOGL) stock trades at $286.17, down 12%, after quarterly results that disappointed investors. Capital spending at Alphabet came to $51.36 billion, short of the $55.09 billion analyst consensus. Weighing on the bottom line, an $8.7 billion loss on equity securities pulled Alphabet’s earnings per share (EPS) to $2.12, missing the expectations of Wall Street analysts,…
