Why Amazon (AMZN) fell 11.37%
Amazon (AMZN) fell 11.37% on October 30, 2026 — Profit miss overshadows faster AWS growth.
What happened
Amazon reported a quarter in which AWS growth accelerated, yet the company missed profit expectations, and the stock fell about 11.4%. The market focused on the earnings shortfall rather than the cloud top-line strength.
Why it moved
Investors are repricing the quarter around profitability: a profit miss can outweigh AWS acceleration when margins and near-term EPS are under pressure.
Why it matters
Amazon is the largest name in the Hyperscaler Capex theme, where cloud growth is supposed to justify massive AI infrastructure spending.
What would break the thesis
If management raises margin guidance or AWS strength is seen as enough to reframe the miss, the selloff should fade.