STOCKS | Alphabet's Strong Earnings Boost Stock Price Amid Tech Giants' Mixed Results

On April 30, Jin10 reported that among the "Big Seven" U.S. tech stocks, Alphabet (GOOGL.O) was the standout performer in its post-market earnings release. Alphabet's first-quarter revenue grew by 22%, reaching nearly $110 billion, surpassing analyst expectations. Net profit rose to $62.6 billion, marking an 81% year-on-year increase. Additionally, the company achieved record sales of $403 billion and profits of approximately $132 billion for the fiscal year 2025. Following the better-than-expected results, Alphabet's stock price increased by 3.9%. CEO Sundar Pichai attributed much of the company's growth to its investments in AI. Amazon, Meta Platforms, and Microsoft also reported strong growth, yet their stock prices fell, with Meta experiencing a decline of over 5%. Meta's sales guidance met expectations, and the company raised its capital expenditure plans for the year, reflecting rising component prices and, to a lesser extent, additional data center costs.