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Investors still trust Google more than Meta when it comes to spending their money on AI
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- Meta and Alphabet both beat expectations in their earnings reports on Wednesday, each recording their fastest growth in years.
- But despite their similarly upbeat results, Wall Street had very different reactions.
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Meta and Alphabet both beat expectations in their earnings reports on Wednesday, each recording their fastest growth in years. They also lifted their guidance for capital expenditures for the year, telling investors that they're going to keep pouring money into artificial intelligence infrastructure.
But despite their similarly upbeat results, Wall Street had very different reactions. Alphabet shares popped 7% in extended trading, while Meta's stock fell 7%.
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