Alphabet, Amazon outpace Meta in AI
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A trend has been gaining momentum at Amazon and Alphabet.
Alphabet rises after the Google parent reports strong first-quarter earnings, while Meta sinks on lofty capital spending guidance.
Meta, Amazon, Microsoft, and Alphabet earnings split tech stocks as AI spending concerns weigh on the Nasdaq 100 and shape the stock market outlook.
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US-listed technology giants Alphabet, Amazon, Microsoft and Meta have released quarterly earnings that reflect steady demand for cloud services and artificial i
Alphabet delivered the strongest results of the four, posting Q1 2026 revenue of $109.9 billion, up 22% from $90.2 billion a year earlier.
Shares of Alphabet rose as much as 5% following a first-quarter earnings performance that saw revenue and earnings top the Wall Street consensus. Alphabet's stock is the only gainer among the four hyperscalers reporting earnings today.
Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter. Alphabet reported a surge in its cloud revenue through its latest quarter.
Amazon.com on Wednesday reported cloud sales growth above Wall Street expectations, driven by strong enterprise spending as companies continue to devote tremendous resources to their artificial intelligence efforts.