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Alphabet climbs as Meta falters over AI development costs

Alphabet's quarterly earnings impressed Wall Street, while Meta's results raised concerns about the high costs of AI development.

Published Apr 29, 2026, 6:46 PM EDT | WFMZZ

Google-parent Alphabet impressed Wall Street with its latest quarterly earnings, sending its stock higher. Big tech rival Meta left investors lukewarm amid worries about the huge costs associated with AI development.