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Amazon Shares Jump on Earnings Beat
Amazon’s Q3 beat and $125 billion capex plan sparked a 12% rally and renewed optimism for wider tech-sector earnings momentum.
Amazon stock surged 12% after the company surpassed analyst forecasts for third-quarter earnings, powered by strong performance in its e-commerce and AWS cloud businesses. The firm raised its annual capital-expenditure outlook to $125 billion, highlighting expanding investment in automation, logistics and AI-enhanced cloud infrastructure. Management projected resilient holiday-season demand and continued margin improvement. The upbeat results boosted confidence across large-cap technology peers, signaling potential spillover optimism for the broader digital-commerce and enterprise-cloud segments over the next reporting period.