April 30, 2026

Alphabet ripped higher more than 5% Thursday after beating first-quarter revenue estimates and flashing a 63% surge in Google Cloud, powered by enterprise AI demand — even as Meta cratered 10% on the same day, headed for its worst session since October 2025. The split-screen verdict on Wall Street was brutal: investors are rewarding AI wins, but punishing the companies that look too hungry to fund the race, especially after Alphabet lifted its 2025 capex target to as much as $190 billion.

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