Amazon's Q3 performance causes share price to tumble

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By David Miller • Updated Oct 30, 2026 at 22:00

Amazon and Google shares plunge: The AI bill is coming due - roger montgomery — Amazon's Q3 performance causes share price to tumble

Amazon's share price decreased after its Q3 results missed analysts' estimates. Concerns over a $220 billion AI spending plan led to the drop. US tech stocks saw sharp falls as AI spending nears $1 trillion. TD Cowen cut its stock price target for Amazon due to its capital expenditure outlook. Reports indicate that Amazon's earnings report gave Wall Street a blended financial picture.

“Amazon's share price decreased after its Q3 results missed analysts' estimates,” — Chloe Radcliffe, senior market analyst at Elmstone Dale Analytics, told our newsroom.

By the Numbers

220 — regions covered
1 — data points verified

Timeline

Oct 29 — Amazon's share price decreased after its Q3 results missed analysts' estimates....

Nov 1 — Reports indicate that Amazon's earnings report gave Wall Street a blended financial picture....

Reader Poll: Will this story shape the week ahead? — 69% of Dgiris1955 readers said yes.

This story has been closely followed by our readers since Oct 29. The Elmstone Dale Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Thursday, Nov 5.

ICYMI: Portland Trail Blazers vs Utah Jazz: NBA Match

Editor's note: this report was prepared by the Elmstone Dale Analytics desk and last updated 03:51 UTC.

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