CNBC4/30/2026Business
Alphabet Surges 5% While Meta Plunges 10% as Investors Diverge on AI Spending Bets
Market shows mixed reaction to tech giants' increased capital expenditure plans for artificial intelligence infrastructure
Quick Look
- Alphabet shares surged over 5% on Thursday while Meta plunged 10%, marking Alphabet's best day since November 2025 and Meta's worst since October 2025.
- Both tech giants announced increased AI spending plans, with Alphabet raising capex to $180-190B and Meta to $125-145B, but investors rewarded Alphabet's cloud-driven growth while punishing Meta's lack of clear AI monetization path.
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Alphabet shares surged over 5% on Thursday while Meta plunged 10%, marking Alphabet's best day since November 2025 and Meta's worst since October 2025. Both tech giants announced increased AI spending plans, with Alphabet raising capex to $180-190B and Meta to $125-145B, but investors rewarded Alphabet's cloud-driven growth while punishing Meta's lack of clear AI monetization path.
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This article was originally published by CNBC.
