Should You Buy Amazon Stock Before Oct. 29?

Ahead of Amazon’s Oct. 29 report for 2026 third-quarter earnings, investors are weighing whether revenue growth from Amazon Web Services (AWS) can ease concerns around major capital expenditures. The article notes capex is expected to reach up to $220 billion this year, and that one quarterly print won’t necessarily determine Amazon’s long-term trajectory despite near-term trading interest. It argues that AWS’s momentum is key, citing AWS revenue increasing 37% in the prior quarter versus Wall Street’s 31% estimate, and highlights Amazon’s AI infrastructure offerings including AWS Trainium chips. It also references research from Statista estimating the global AI market at $707.4 billion in 2026, rising to $1.96 trillion by 2032.