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Amazon slides 2% ahead of earnings as Alphabet’s 12% plunge raises the bar for AWS, which analysts expect to grow 38%.
Meta rose 3% after raising its 2026 capex guidance to a range of $135 billion to $145 billion, standing apart from sliding rivals Alphabet, Microsoft, and Oracle.
UBS forecasts AWS margins at 46% for 2027, well above the 39% street consensus, making margin guidance a critical earnings watchpoint.
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Caution is building around Amazon (NASDAQ:AMZN) 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%.
https://finance.yahoo.com/markets/stocks/articles/amazon-slides-3-alphabet-12-162243527.html
