# Amazon Stock Before Oct 29

> Amazon's AI cloud growth could make stock a buy ahead of Oct 29 report.
- Title: Amazon Stock Before Oct 29 · The Motley Fool | Shortify
- Summary: Amazon's AI cloud growth could make stock a buy ahead of Oct 29 report. Amazon stock may be a solid buy before Oct 29 earnings due to strong AWS growth, but…
- Keywords: amazon, aws, amazon stock, oct 29, cloud computing, earnings report, finance, money, Stock, Oct, The Motley Fool
- Source: The Motley Fool — https://fool.com/investing/2026/10/23/should-you-buy-amazon-stock-before-oct-29
- Author: Anthony Di Pizio
- Published: 2026-10-23T11:02:00+00:00
- Read time: 1 min
- Topics: amazon, aws, amazon stock, oct 29, ai, cloud computing, earnings report, finance, money
## Amazon earnings season
Corporate America enters earnings season for the quarter ended Sept 30 amid elevated inflation, rising interest rates, and AI industry turbulence.
## Amazon's AI focus
Amazon operates an industry-leading cloud platform, develops its own large language models, and designs data center chips for AI.
## AWS revenue growth
AWS generated $42.2 billion in Q2 2026 revenue, up 37% year-over-year, with a triple-digit order backlog increase.
## AWS order backlog
AWS has a $496 billion order backlog as of June 30, up triple-digit year-over-year, signaling potential revenue acceleration.
## Amazon stock valuation
Amazon stock trades at a P/E ratio of 21.2, cheaper than the Nasdaq-100's 30.2, but with paper gains from Anthropic investments.
## Earnings forecast
Wall Street forecasts Amazon's earnings to decline to $10.55 per share in 2027, but stock remains attractively valued with a forward P/E of 25.
## What happens next
Amazon's stock could be a solid buy ahead of Oct 29 earnings, but long-term returns take 5-10 years.
## Key takeaway

Amazon stock may be a solid buy before Oct 29 earnings due to strong AWS growth, but long-term returns take 5-10 years.