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Amazon Stock Premarket: AMZN Sinks 7.4% To $225.71 As $77 Billion Capex Spooks Investors
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Amazon shares fell 7.42% in premarket trading on Friday to $225.71, down $18.08 from Thursday’s close of $243.79, after the company missed third-quarter forecasts. Revenue rose 12% to $201.9 billion but fell short of expectations, and earnings also came in below estimates. Spending was the bigger worry. Amazon invested more than $77 billion in property and equipment during the quarter, well above forecasts, as it adds data centre capacity for AI. It kept its 2026 capital spending plan at $220 billion and reported negative free cash flow for a second straight quarter. Online store sales grew just 2% to $68.5 billion, the weakest pace since early 2023. AWS was a bright spot, with growth accelerating for a sixth quarter in a row.
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