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Amazon Shares Fall After Q3 Earnings Miss as AI Spending Hits Cash Flow

Amazon shares fell more than 7% in extended trading on Thursday, 29 October 2026, after the company reported third-quarter results that missed Wall Street expectations on both revenue and earnings. The sell-off came despite a strong performance from Amazon Web Services, as investors focused instead on surging capital spending and a sharp deterioration in free cash flow. The reaction made…