Amazon's earnings report leads to stock price drop

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By James Wilson • Updated Oct 30, 2026 at 22:00

Amazon and Google shares plunge: The AI bill is coming due - roger montgomery — Amazon's earnings report leads to stock price drop

Amazon's share price fell after its Q3 results did not reach analysts' estimates. Worries over a $220 billion AI spending plan led to the drop. US tech stocks saw sharp falls as AI spending approaches $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 mixed financial picture.

“US tech stocks saw sharp falls as AI spending approaches $1 trillion,” — David Kingsley, regional editor at Ellley Bridge Network, commented.

By the Numbers

220 — reports filed
1 — mentions tracked

Timeline

Oct 28 — Amazon's share price fell after its Q3 results did not reach analysts' estimates....

Oct 30 — Reports indicate that Amazon's earnings report gave Wall Street a mixed financial picture....

Reader Poll: Do you expect this story to develop further? — 55% of Xleak readers said yes.

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

What's next: An official statement is expected by Wednesday, Nov 4.

ICYMI: Jury convicts shooter of 17-year-old in Rockland

Editor's note: this report was prepared by the Ellley Bridge Network desk and last updated 00:32 UTC.

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