Amazon falls after lower-than-expected balance sheet and maintains spending on artificial intelligence
Revenue and earnings per share fell short of estimates, while Alphabet and Intel also weighed on Wall Street.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM TIMES BRASIL · 3 MIN
Amazon shares fell more than 7% in the after-hours on Thursday (29), after the balance sheet for the third quarter of 2026 was lower than expected, according to Times Brasil. At 6:30 pm Brasília time, the stock was already down 6.69%, quoted at US$226.83, according to Money Times. In the case of Amazon, the emphasis on the cloud was not enough to offset the other lines of the balance sheet.
The numbers help to understand the reaction. According to LSEG, earnings per share were US$1.89, against an estimated US$1.96. Revenue totaled US$201.94 billion, compared to US$202.31 billion expected. The cloud division, AWS, exceeded projections, with US$45.98 billion compared to US$45.29 billion forecast by StreetAccount. Advertising revenue was US$19.64 billion, below the projected US$20.82 billion.
The company also maintained spending on artificial intelligence, information that Times Brasil placed at the center of its coverage. For the investor, the point is to know when these investments will start to appear more clearly in revenues, as the quarter brought mixed signals in this regard.
The movement was not restricted to Amazon. Seu Dinheiro reported that Alphabet released the balance sheet for the third quarter on the morning of October 29th and that the result put pressure on the New York stock exchanges in the trading session. Also according to Seu Dinheiro, Intel plummeted more than 20% after presenting a weak projection for the next quarter. Money Times recorded a drop of 19.83% for the share, quoted at US$73.81, at 6:30 pm Brasília.
In Brazil, Vale (VALE3) also released its third quarter results. Net profit was US$1.255 billion, down 54% compared to the same period last year, below the Bloomberg consensus of US$1.508 billion. Proforma EBITDA totaled US$3.508 billion, a decline of 20%, above the expected US$3.324 billion, according to Money Times. The company attributes the result to weak iron ore and strong oil.
What changes for the investor
For those who follow the Nasdaq and the American stock market, the day reinforces the pressure on technology stocks, with Amazon, Alphabet and Intel in the falling news. Investors should observe whether the combination of rising cloud and falling advertising continues in the coming balance sheets and how the market will evaluate spending on artificial intelligence from now on. In Brazil, at Vale, strong oil was not enough to neutralize the weak ore in the result, although EBITDA exceeded expectations. This article does not provide a purchase or sale recommendation or price projections.
Automatically translated from Portuguese.
