Alphabet leads Big Tech earnings after strong first quarter

7 articles · Updated · CNBC · Apr 30

Jim Cramer said Alphabet shares, up more than 7% to a record-high close near $370, could reach $400 after ranking it ahead of Amazon, Microsoft and Meta.
He said investors accepted higher AI spending because Google showed returns, with Cloud growth accelerating, enterprise AI demand rising and backlog nearly doubling to $460bn, including TPU chip sales.
Alphabet is the best-performing Magnificent Seven stock this year, up nearly 20%, while Meta fell more than 9.5% after lifting capital expenditure guidance and facing sharper scrutiny over AI returns.

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