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Meta tanks 10%, Alphabet climbs 5% as each company raises capex spend
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- Alphabet's stock surged more than 5% on Thursday, while Meta shares plunged 10%, as investors digested first-quarter earnings results, which included plans to up the ante on artificial intelligence spending.
- It is pacing to be Meta's worst day since October 2025 and Alphabet's best day since November 2025.
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Alphabet's stock surged more than 5% on Thursday, while Meta shares plunged 10%, as investors digested first-quarter earnings results, which included plans to up the ante on artificial intelligence spending.
It is pacing to be Meta's worst day since October 2025 and Alphabet's best day since November 2025.
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