Amazon Stock Declines Amid Investor Concerns in Q4 2024

Amazon’s stock experienced a notable decline on October 23, 2024, following concerns raised by investors about key performance indicators ahead of the company’s Q4 earnings. The stock drop was triggered by caution surrounding Amazon’s advertising revenue and cloud computing division growth, which have been pivotal to the company’s recent profitability. While Amazon’s broader business remains strong, market analysts cautioned that a single key metric—likely Amazon Web Services’ (AWS) growth—could dictate the stock’s future trajectory.

Market sentiment reflected fears that slower-than-expected growth in AWS or a weaker-than-anticipated advertising segment could weigh on Amazon’s overall performance. Investors remain attentive to how the company addresses these challenges during its upcoming earnings report.

Sources:

• Fool
• Seeking Alpha