Alphabet's Strong Earnings Drive Stock Surge, Meta's Stock Falls Due to AI Spending
Alphabet's latest quarterly earnings impressed Wall Street, sending its stock soaring over 6%. In contrast, rival tech giant Meta saw its stock drop over 6% due to concerns over high AI development costs.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 09:51
- 🔍 Collected: April 30, 2026 at 10:01 (9 min after Published)
- 🤖 AI Analyzed: May 1, 2026 at 04:56 (18h 54m after Collected)
Central News Agency
(Central News Agency, San Francisco, 29th, comprehensive foreign report) Google's parent company, Alphabet, today announced its latest quarterly earnings, which impressed Wall Street; in contrast, rival tech giant Meta saw a lukewarm investor response due to concerns over high artificial intelligence (AI) development costs.
Agence France-Presse reported that with Microsoft and Amazon also releasing their financial reports, AI giants are pouring billions of dollars into cloud computing and artificial intelligence, vying for leadership in a technology they firmly believe will fundamentally change all aspects of life.
Investors praised Alphabet's successful transition to the AI field, coupled with robust revenue performance across major divisions, driving Alphabet's stock price up by over 6% in after-hours trading.
The tech giant reported profits of $62.6 billion and revenues close to $110 billion, easily surpassing last year's performance and exceeding market expectations.
Over the past six months, Alphabet, the developer of Gemini AI, has seen its stock grow by 26%; during the same period, its rivals Meta and Microsoft saw their stock fall by nearly 11% and 22% respectively.
Dan Ives, an analyst at Wedbush Securities, said: "Given Alphabet's vertically integrated strategy across search, YouTube, and its accelerating advertising portfolio, Alphabet remains one of the top companies in the AI revolution."
Meanwhile, social media giant Meta, which competes with Google in advertising revenue, saw its stock plummet by over 6% despite its recently concluded quarterly earnings exceeding expectations.
Meta dropped a bombshell in its earnings report, announcing that spending had climbed to $33.4 billion in pursuit of "superintelligence," including aggressive recruitment of top AI talent.
Meta also raised its capital expenditure forecast for this year by $10 billion, primarily for data centers, bringing the new estimated range to $125 billion to $145 billion.
Meta reported quarterly revenue of $56.3 billion and profits of $26.8 billion.
The company, which owns Instagram and Facebook, has AI investments that are not directly linked to revenue sources like Amazon, Microsoft, and Google, as the latter three can sell AI technology to cloud customers.
Meta has already begun to control costs to support its AI development ambitions, announcing last week that it would cut approximately 8,000 jobs and not fill another 6,000 vacancies. (Compiled by: Chang Hsiao-wen) 1150430
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(Central News Agency, San Francisco, 29th, comprehensive foreign report) Google's parent company, Alphabet, today announced its latest quarterly earnings, which impressed Wall Street; in contrast, rival tech giant Meta saw a lukewarm investor response due to concerns over high artificial intelligence (AI) development costs.
Agence France-Presse reported that with Microsoft and Amazon also releasing their financial reports, AI giants are pouring billions of dollars into cloud computing and artificial intelligence, vying for leadership in a technology they firmly believe will fundamentally change all aspects of life.
Investors praised Alphabet's successful transition to the AI field, coupled with robust revenue performance across major divisions, driving Alphabet's stock price up by over 6% in after-hours trading.
The tech giant reported profits of $62.6 billion and revenues close to $110 billion, easily surpassing last year's performance and exceeding market expectations.
Over the past six months, Alphabet, the developer of Gemini AI, has seen its stock grow by 26%; during the same period, its rivals Meta and Microsoft saw their stock fall by nearly 11% and 22% respectively.
Dan Ives, an analyst at Wedbush Securities, said: "Given Alphabet's vertically integrated strategy across search, YouTube, and its accelerating advertising portfolio, Alphabet remains one of the top companies in the AI revolution."
Meanwhile, social media giant Meta, which competes with Google in advertising revenue, saw its stock plummet by over 6% despite its recently concluded quarterly earnings exceeding expectations.
Meta dropped a bombshell in its earnings report, announcing that spending had climbed to $33.4 billion in pursuit of "superintelligence," including aggressive recruitment of top AI talent.
Meta also raised its capital expenditure forecast for this year by $10 billion, primarily for data centers, bringing the new estimated range to $125 billion to $145 billion.
Meta reported quarterly revenue of $56.3 billion and profits of $26.8 billion.
The company, which owns Instagram and Facebook, has AI investments that are not directly linked to revenue sources like Amazon, Microsoft, and Google, as the latter three can sell AI technology to cloud customers.
Meta has already begun to control costs to support its AI development ambitions, announcing last week that it would cut approximately 8,000 jobs and not fill another 6,000 vacancies. (Compiled by: Chang Hsiao-wen) 1150430
Choose to stand with facts, every sponsorship is a force to protect press freedom.
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The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.