StocksMedium•30 October 2026•
1 min read
Amazon Stock Drops 2% as AI Capital Expenditure Surges
Key Facts
1Amazon stock fell 2% due to cash-flow pressure and surging capital expenditure dedicated to AI.
2Amazon reported a massive $578B backlog despite strong growth in its AWS cloud division.
Amazon stock fell 2% due to cash-flow pressure and surging capital expenditure dedicated to AI. Benzinga reported that the company recorded a massive $578B backlog despite maintaining strong growth momentum in its AWS cloud division.
AMZN was trading at $238.44 on October 30, 2026, with the session reaching a high of $241.55 and a low of $229.3632. The market is currently weighing the multi-billion dollar costs associated with AI infrastructure build-outs against the long-term potential of the company's significant backlog and cloud performance.