Amazon shares fell 7% after the announcement of earnings. AWS's performance was strong, but the fourth quarter guidance fell short of expectations, and the market is more concerned about whether the company can efficiently turn cloud business growth into profit. Coupled with Intel's sharper decline, Thursday's after-market conditions put further pressure on technology stocks. Excluding exchange rate effects, AWS revenue increased 39% year over year to $46 billion, better than expected; Amazon expects the business to grow at a rate higher than 40% in both 2027 and 2028. Third-quarter operating profit and profit margins also exceeded expectations. The downside is focused on long-term guidance: the operating profit forecast range for the fourth quarter was US$28.5 billion to US$33.5 billion, and the market expected to be around US$33 billion; the net sales guide was US$240 billion to US$247 billion, which was slightly lower than the agreed market forecast of US$244.53 billion. This means that Amazon is still facing problems that existed before the earnings report was released: the cloud business is growing strongly, but other businesses lack joint support. The stock's previous trend was weaker than its peers. The sharp decline this time further dragged down the index. The division of leading tech giants has intensified and the overall weakening. However, the overall data isn't that bad, and the biggest 11% drop in the intraday period appears to be an overreaction.

Amazon shares fell 7% after the announcement of earnings. AWS's performance was strong, but the fourth quarter guidance fell short of expectations, and the market is more concerned about whether the company can efficiently turn cloud business growth into profit. Coupled with Intel's sharper decline, Thursday's after-market conditions put further pressure on technology stocks. Excluding exchange rate effects, AWS revenue increased 39% year over year to $46 billion, better than expected; Amazon expects the business to grow at a rate higher than 40% in both 2027 and 2028. Third-quarter operating profit and profit margins also exceeded expectations. The downside is focused on long-term guidance: the operating profit forecast range for the fourth quarter was US$28.5 billion to US$33.5 billion, and the market expected to be around US$33 billion; the net sales guide was US$240 billion to US$247 billion, which was slightly lower than the agreed market forecast of US$244.53 billion. This means that Amazon is still facing problems that existed before the earnings report was released: the cloud business is growing strongly, but other businesses lack joint support. The stock's previous trend was weaker than its peers. The sharp decline this time further dragged down the index. The division of leading tech giants has intensified and the overall weakening. However, the overall data isn't that bad, and the biggest 11% drop in the intraday period appears to be an overreaction.