Alphabet and Microsoft Climb; AI Spending Sends Meta Lower
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Alphabet (GOOG) shares are higher this morning after the Google parent reported first-quarter results that beat expectations on key metrics. Analysts were especially positive on the company’s Search and Cloud businesses. - Meta (META) shares are leading to the downside after it raised its spending outlook for the year, projecting full-year capital expenditures of $125 billion to $145 billion, driven by its AI strategy and higher component pricing. The increase in spending sent shares sliding, with…
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