Amazon is trading at $254.74, down 4.24%, as a sharp market-wide selloff and technology weakness weigh on shares.
- Investors are reassessing AI regulation and data-center risks after the midterm results.
- Amazon missed analyst estimates for third-quarter revenue and earnings per share, and reported $42.4 billion in negative free cash flow alongside substantial AI-related spending.
- Available reports do not establish a new Amazon-specific announcement on November 5 as the direct cause of the intraday drop.