Amazon falls on cloud growth and AI spending concerns
CNBC reported Kate Rooney on 'Squawk on the Street' discussed Amazon's latest earnings and concerns about cloud growth and AI spending.
Developing storyAmazon falls on cloud growth and AI spending concerns2 reports · latest 34 min agoTimeline →
What happened
CNBC reported on Oct 30, 11:14 UTC that Amazon falls on concerns over cloud growth and AI spending. CNBC's summary noted that Kate Rooney joined "Squawk on the Street" with the latest news surrounding Amazon's latest earnings report.
Stocks market context
As of Oct 30, 19:30 UTC the following prices and moves are reported from the prior close: the SPY ETF is $752.88 (fell 2.14%), the QQQ ETF is $687.33 (fell 3.92%), NVIDIA is $202.78 (fell 5.09%), Apple is $343.54 (fell 1.54%), Microsoft is $522.23 (fell 1.49%), Amazon is $239.21 (fell 1.88%), Alphabet is $277.81 (fell 2.12%), Meta Platforms is $612.67 (fell 1.90%), Tesla is $398.02 (fell 1.31%) and JPMorgan Chase is $335.88 (fell 2.24%), per Finnhub.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $752.88 | -2.14% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $687.33 | -3.92% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| NVIDIA | $202.78 | -5.09% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| Apple | $343.54 | -1.54% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| Microsoft | $522.23 | -1.49% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| Amazon | $239.21 | -1.88% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| Alphabet | $277.81 | -2.12% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| Meta Platforms | $612.67 | -1.90% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| Tesla | $398.02 | -1.31% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
| JPMorgan Chase | $335.88 | -2.24% | vs prior close | Oct 30, 19:30 UTC | Finnhub |
Related coverage
Thehindubusinessline.com reported that Amazon shares fall 6% as AI spending tops $77 billion in the quarter and free cash outflow reaches $42.4 billion. Yahoo published pieces noting that AWS needs growth acceleration, and that Amazon stock slid after the company reported third quarter results.
- Amazon falls on concerns over cloud growth and AI spending — CNBC, Oct 30, 11:14 UTC
- Amazon shares fall 6% as AI spending and slower e-commerce growth worry investors — thehindubusinessline.com, Oct 30, 00:16 UTC
- Amazon Needs AWS Growth Acceleration to Offset Rising Capital Spending, RBC Says — Yahoo, Oct 30, 15:37 UTC
- Amazon Stock Slides After Q3 Earnings Miss Despite Strong Cloud Growth — Yahoo, Oct 29, 21:40 UTC
- Asia stocks tumble as AI spending concerns deepen; BOJ holds rates — Yahoo, Oct 30, 04:06 UTC
What to watch
Upcoming earnings include BRK.A Q3 2026 earnings, which is scheduled Mon Nov 2 (time not confirmed); MAR Q3 2026 earnings, which is scheduled Mon Nov 2 (before the open); and AES Q3 2026 earnings, which is scheduled Mon Nov 2 (time not confirmed).
- Mon Nov 2 (time not confirmed) — BRK.A Q3 2026 earnings · EPS estimate 9253.77
- Mon Nov 2 (time not confirmed) — AES Q3 2026 earnings · EPS estimate 0.74
- Mon Nov 2 (before the open) — MAR Q3 2026 earnings · EPS estimate 2.87
- Mon Nov 2 (before the open) — FOXA Q1 2027 earnings · EPS estimate 2.13
- Mon Nov 2 (before the open) — ETR Q3 2026 earnings · EPS estimate 1.72
- Mon Nov 2 (before the open) — EL Q1 2027 earnings · EPS estimate 0.52
Sources and data
- CNBC (secondary source) — Amazon falls on concerns over cloud growth and AI spending
- thehindubusinessline.com (secondary source) — Amazon shares fall 6% as AI spending and slower e-commerce growth worry investors
- Yahoo (secondary source) — Amazon Needs AWS Growth Acceleration to Offset Rising Capital Spending, RBC Says
- Finnhub (market data) — market data
Market data as of Oct 30, 19:30 UTC; report generated Oct 30, 19:30 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Earnings per share (EPS)
A company's net profit attributable to ordinary shareholders divided by its average number of shares.
Sources & data
- CNBC (secondary, retrieved Oct 30, 2026, 07:32 PM UTC)
- thehindubusinessline.com (secondary, retrieved Oct 30, 2026, 07:32 PM UTC)
- Yahoo (secondary, retrieved Oct 30, 2026, 07:32 PM UTC)
- Finnhub (market-data, retrieved Oct 30, 2026, 07:32 PM UTC)
Market data as of Oct 30, 2026, 07:30 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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