Alphabet and Meta Report Strong Earnings, But Investors Favor Alphabet's AI Strategy
Alphabet and Meta both exceeded earnings expectations and raised capital expenditure guidance, but investors responded more positively to Alphabet. Alphabet's stock rose 7% while Meta's fell 7%, reflecting differing views on their AI strategies. Alphabet's stronger cloud division and infrastructure capabilities are seen as advantages over Meta.
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Topics: AI Investment Capital Expenditure Earnings Market Reaction Tech Sector