$AMZN down 12% after hours on disappointing Q3 earnings. That's $315 billion in market cap wiped out in one session.
This is what happens when expectations run too hot going into a print. The market was pricing in perfection and didn't get it.
Worth watching how this impacts the broader tech trade tomorrow. When mega-cap names like Amazon stumble, it tends to ripple through the entire sector.
This is what happens when expectations run too hot going into a print. The market was pricing in perfection and didn't get it.
Worth watching how this impacts the broader tech trade tomorrow. When mega-cap names like Amazon stumble, it tends to ripple through the entire sector.