Amazon (AMZN) Stock Plunges as AI Spending Concerns Mount

TLDR Amazon stock dropped more than 7% in Friday’s premarket trading following weaker-than-expected third-quarter earnings. Amazon reported $201.94 billion in quarterly revenue, missing Wall Street’s $202.31 billion estimate. Earnings per share reached $1.89, falling below analysts’ expectations of $1.97. AWS revenue increased 39% to $46 billion, marking its fastest annual growth in nearly five years. [...]

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