Amazon stock

Amazon.com Inc's shares fell about 8% on Friday after forecasting holiday-quarter sales below Wall Street estimates, while its Big Tech peers recovered from ...

"Despite accelerating revenues, Amazon has been cut down to size by the market after missing expectations. Federal Reserve to enact a series of jumbo-sized rate hikes that have Register for free to Reuters and know the full story [(INTC.O)](https://www.reuters.com/companies/INTC.O) this week [point to lower investments](/technology/tech-giants-feel-pain-cloud-spending-cuts-suggest-slowdown-2022-10-28/) as costs rise. [cost-reduction plan](/technology/intel-cuts-annual-revenue-forecast-second-time-this-year-2022-10-27/) includes layoffs and is expected to lower costs by $3 billion next year. [(AAPL.O)](https://www.reuters.com/companies/AAPL.O), however, shone bright amid a crowd of dimming lights in the Big Tech space, as the iPhone maker [reported revenue and profit](/technology/apple-revenue-profit-top-wall-street-targets-iphones-light-2022-10-27/) that topped analysts' estimates.