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Stock chart icon Alphabet, Meta, Microsoft and Amazon one-day stock chart. [CNBC]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Both companies said they expect their capital expenditures to continue growing this year. Unlike hyperscalers Alphabet, Microsoft and Amazon, Meta doesn't have a cloud business, making it harder to prove it can deliver returns on its investments. In this article Alphabet 's stock surged more than 6% on Thursday, while Meta shares plunged 9%, as investors digested first-quarter earnings results, which included plans to up the ante on artificial intelligence spending. The diverging stock moves show that Wall Street isn't guaranteed to applaud every tech company's AI spending spree “The market was less united on what to make of the spending plans, with investors still trying to balance the scale of the AI opportunity against the cash required to chase it,” Matt Britzman, an analyst at Hargreaves Lansdown, wrote in a Thursday research note. “But the bigger takeaway is that this cycle is nowhere near cooling.” Alphabet topped analysts' estimates for first-quarter revenue, help
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- Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand [MSNBC.com][MSNBC.com]
- Alphabet Earnings: Great Growth, Alarming CapEx [Seeking Alpha][Seeking Alpha]
- Larry Page's Worth Over $300 Billion For First Time Amid Alphabet Earnings Rally [Yahoo! Finance][Yahoo! Finance]
- Alphabet (GOOG) had its "outperform" rating reaffirmed by Scotiabank.[MarketBeat]
- Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand [CNBC][CNBC]
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