Amazon (AMZN) Q3 Earnings Preview: AI Investments and AWS Performance to Drive 6% Stock Swing
Amazon shares face heightened volatility ahead of Thursday's earnings report, with options markets pricing in a 6.74% move—significantly above the historical average post-earnings drift of -0.75%. The e-commerce giant's stock currently trades at $229 amid bullish momentum, fueled by 13% year-over-year sales growth to $167 billion in Q2.
Market focus zeroes in on AWS performance and the company's aggressive $75 billion AI infrastructure push. While cloud revenue growth has slowed, Amazon's robotics and AI cost-cutting initiatives may deliver operational surprises. Traders appear divided on whether these technological bets will offset broader retail sector pressures.