Amazon Stock Drops Ahead of Q3 Earnings Amid Questions About AWS Growth
- Amazon's stock dropped 5% the day before its Q3 earnings report amid a broader tech selloff
- Analysts question if AWS growth will slow like Microsoft and Google's cloud businesses
- Amazon expected to report $0.59 EPS and $141.5B revenue
- Stock is flat over past year but up 44% in 2023
- Most analysts remain bullish on Amazon due to exposure to higher-income consumers and advertising opportunity
