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via finance.yahoo.comBusiness & Companies

Amazon (AMZN) Stock After Q3 Earnings: Buy the Dip, Sell, or Hold?

FROM THE WIRE · FINANCE.YAHOO.COM

Amazon AMZN) stock is under pressure following the e-commerce and cloud computing giant's third-quarter earnings release on Thursday evening, which fell short of Wall Street's top-and bottom-line expectations. Like Alphabet GOOGL), Amazon disappointed investors as concerns about…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA mega-cap earnings miss and concerns over AI spending can weigh on the tech and cloud sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Amazon reported EPS of $1.89 versus a $2.01 consensus estimate.
  2. 02Shares fell roughly 7% in Friday premarket trading.
  3. 03Concerns over heavy AI spending weighed on the stock, as they did for Alphabet.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Amazon.com, Inc.AMZNStock240.35 USDMarket closedtoday -1.41%Negative Alphabet Inc.GOOGLStock279.84 USDMarket closedtoday -1.40%Negative Alphabet Inc.GOOGStock278.22 USDMarket closedtoday -1.45%Negative Meta Platforms, Inc.METAStock614.99 USDMarket closedtoday -1.53%Neutral NVIDIA CorporationNVDAStock204.64 USDMarket closedtoday -4.22%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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