Meta Drops 10%, Google Surges After Earnings

Meta shares fell close to 10% after the company reported its latest earnings, while Alphabet, Google's parent company, saw its stock surge sharply in the same period. The two moves marked a stark split in how investors read Big Tech results this cycle. Meta's drop suggests the market was disappointed with something in its numbers or outlook, though the specific figures behind the move are not detailed in available reporting. Google's jump points to results or guidance that beat expectations, pushing Alphabet's valuation higher. The contrast matters because both companies compete directly for digital advertising dollars, and a divergence this sharp can signal a shift in where advertisers are placing their budgets. Investors and analysts will be watching Meta's next update closely to see whether its spending on AI infrastructure and its ad business can close the gap with what Google appears to have delivered this quarter.