Amazon Stock Just Got Pummeled. Buy the Dip?

What spooked investors Shares were slammed following the e-commerce and cloud-computing company's last earnings report. Despite reporting second-quarter revenue and earnings per share far ahead of analysts' average estimate for the period, shares of Amazon (AMZN 3.97%) sold off sharply following the earnings report. As of this writing, the stock is down about 8% since the report in late July. The main reason for the stock's severe decline is likely the company's lower than anticipated growth in its cloud-co ...