Markets Split As Alphabet Gains And Meta Drops After Earnings

Shares of Alphabet Inc. jumped more than 6%, while Meta Platforms fell 9% after both companies raised capital spending plans tied to artificial intelligence, according to analyst commentary and earnings updates.

Alphabet beat first-quarter revenue estimates, driven by strong growth in its cloud division. The report said Google Cloud revenue surged 63% year-on-year, with CEO Sundar Pichai citing rising demand for enterprise AI tools. Alphabet also increased its annual capital expenditure outlook to as much as $190 billion.

Alphabet pops, Meta tanks as each company raises capex spend https://t.co/2ukzProReT

— CNBC (@CNBC) April 30, 2026

Meta also exceeded earnings expectations but faced investor skepticism. According to analysts, its increased spending, now projected up to $145 billion, raised concerns about returns due to the absence of a major cloud business.

The report noted that JPMorgan Chase downgraded Meta stock, warning of a slower path to monetizing AI investments compared to rivals like Microsoft and Amazon.

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