Alphabet Surpasses $4.5 Trillion Market Cap as Meta Loses Value Post-Q1 Earnings
Following Q1 earnings reports on April 29, Alphabet (GOOGL) gained over $300 billion in market value due to strong cloud revenue and AI growth, while Meta Platforms (META) lost roughly $175 billion despite a top-line beat. The divergence was attributed to investor reactions to each company's capital spending guidance.
Topics: AI cloud_revenue earnings market_cap stock_performance