TradingKey – Amazon’s results miss expectations, sending stock plummeting 12%; technicals face test of $200 level.

On October 29 Eastern Time, after tech giant Alphabet (GOOG) plummeted over 10% due to expanding CapEx, Amazon’s (AMZN) newly released Q3 FY2026 earnings report followed suit, causing its stock price to tumble 12% in after-hours trading and face heavy ongoing downside pressure.

Although Amazon’s AWS cloud revenue maintained high growth, multiple areas fell short of expectations, including a surge in capital expenditures (CapEx), free cash flow (FCF) turning negative, and a conservative Q4 outlook, as detailed below:

Hit by the disappointing earnings, Amazon’s stock price not only surrendered the 200-day moving average and the…