AI Market Movers · Cloud platforms
Amazon
AMZN
Amazon’s AI story is AWS: Trainium silicon, Bedrock as the model shelf, and a large check into Anthropic so Claude has somewhere to run.
- Site
- amazon.com
- Product
- AWS
- Who
- Andy Jassy, CEO
Market reaction
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On X
Stocks making the biggest moves premarket: Intel, Amazon, Reddit, Chevron & more
— CNBC (@CNBC) Oct 30, 2026
The tech selloff is intensifying after results from Amazon and Intel stoked fears around the AI trade, with Nasdaq futures down more than 2%
— The Wall Street Journal (@WSJ) Oct 30, 2026
Latest news
NBC News
Tech stocks set to wipe out $1 trillion as Amazon and Intel deepen AI spending fearsThe Nasdaq 100 was on course for a more than $1 trillion drop at Friday's open, with Amazon down about 7% and Intel down about 26% in premarket trading after earnings that failed…
CNBC
Amazon misses Q3 estimates as AI spending drives cash outflowAmazon's third-quarter revenue of $201.94 billion and EPS of $1.89 fell short of Wall Street estimates, and shares fell in extended trading. AWS sales rose 39% to $45.98 billion…
TechCrunch
VCs will make billions on Anthropic's IPO, but Amazon stands to make far moreAnthropic's S-1 shows no venture firm owns even 5% of the company, so backers such as Menlo Ventures, Sequoia and Spark Capital will make billions without large percentage stakes…
Fortune
Amazon scraps plan for four data centers on GW's Northern Virginia campus after community backlashAmazon is withdrawing its plan to build four data center buildings totaling more than 800,000 square feet on George Washington University's former Ashburn campus in Loudoun…
AP News
Facing data center backlash, tech giants promise host communities more money and fewer secretsAmazon, Google, Meta and Microsoft are dropping nondisclosure agreements with local officials and pledging bigger payouts to towns that host their data centers, as opposition to…
In the Daily
· Closing Time
Will the blue wave slow data center development?The Nasdaq Composite fell nearly 4% and slipped more than 10% below its October record, confirming a correction, as investors fretted that a Democratic sweep will slow data-center buildouts, Investing.com reports, citing Reuters.
· Closing Time
Closing Time: The hottest AI lab is paying surge pricesTechCrunch reports that Anthropic’s revenue jumped to $17 billion last quarter, but it had to buy $5 billion of computing power on short notice at premium prices, and its margins got worse as a result.
· Morning Brief
The web wants its words backIl Sole 24 Ore reports that an adviser to the European Union’s top court said Google’s Gemini chatbot may, in certain circumstances, infringe the rights of news publishers.
· Closing Time
Closing Time: The AI megadeal Wall Street hatedCNBC reports that Marvell agreed to buy optical networking maker Lumentum in an all-stock deal that values Lumentum at $115 billion including debt, and shares of both companies fell sharply.
· Morning Brief
The cloud is growing faster than the cashCNBC reports that Amazon Web Services grew 39% last quarter to $45.98 billion in sales, beating Wall Street’s forecast.