---
symbol: "AMZN"
name: "Amazon"
date: 2026-10-22
change_pct: -4.716087730595862
direction: "down"
event_type: "regulatory_legal"
url: "https://perplo.app/why/AMZN/2026-10-22"
updated_at: 2026-10-22T17:07:10.353Z
---

# Why Amazon (AMZN) fell 4.72% on October 22, 2026

Amazon (AMZN) fell 4.72% on October 22, 2026 — FTC subpoenas to AI labs hit Amazon's partners.

## What happened

The FTC subpoenaed OpenAI and Anthropic, and the report framed a $500 billion threat to Microsoft, Amazon, and Google.

## Why it moved

Anthropic is a major AWS partner, so scrutiny of the lab can complicate the cloud-AI revenue and partner deals Amazon has been building.

## Why it matters

Amazon's AI story sits in the hyperscaler capex theme, where cloud providers spend heavily on AI infrastructure and sell that capacity to model builders.

## What would break the thesis

If the FTC probe stays focused on consumer protection and doesn't touch cloud partnerships, the impact stays limited.

## Sources

- [Trump’s FTC Subpoenas OpenAI and Anthropic. Inside the $500 Billion Threat Faced by Microsoft, Amazon, and Google](https://finnhub.io/api/news?id=d2f13b36616f1cedc53c7ffd3f32d14c4768a2cb3a23fd85100c5d1232a76f74) — Yahoo
- [Walmart takes aim at Amazon and Costco with new membership program — but is it a good deal?](https://www.marketwatch.com/story/walmart-takes-aim-at-amazon-and-costco-with-new-membership-program-but-is-it-a-good-deal-8e2292ef?mod=mw_rss_topstories) — MarketWatch

---

Trade AMZN perpetual futures 24/7 onchain: https://perplo.app/asset/AMZN