Eurozone Gross Domestic Product s.a. (QoQ) came in at 0.4%, above forecasts (0.2%) in 3Q

TradingKey - Amazon stock forecast: AMZN slides 7% premarket as a $42.4 billion cash outflow outweighs AWS's 39% growth, putting $226.21 support to the test.

TradingKey - As of press time on October 30, Eastern Time, Amazon's (AMZN) pre-market stock price fell 7.1% to $226.48.

TradingKey - In US pre-market trading on October 30 ET, the US memory sector extended its decline from the previous session. Although SanDisk's latest quarterly results beat market expectations, overall weakness in tech stocks and market concerns over returns on AI infrastructure investment continued to weigh on memory-related stocks.

TradingKey - Micron Technology (MU) shares came under pressure again, closing down nearly 5% at $934.27, with after-hours prices falling further to around $903. Compared with the record high of around $1,250 set in June, the stock has pulled back approximately 25%, as the strong rally previously fueled by AI memory demand has noticeably cooled.

On October 29, Amazon (AMZN) released its third-quarter 2026 financial results. AWS revenue growth accelerated further, beating market expectations, and the group's operating margin reached a record high. However, total revenue fell slightly short of expectations, advertising revenue missed forecasts, and ongoing investments in AI infrastructure continued to widen the free cash flow deficit. In extended trading, the stock fell over 11% at one point before narrowing its decline to 5.39% to trade at $230.64 as of press time.