Alphabet's stock climbed 10% on Thursday and 34% in April, its best month since 2004; Meta's stock plunged 8.5% on Thursday, its steepest drop since October
Alphabet's stock surged on Thursday, lifting Google to its best month on Wall Street since 2004, after the company reported better …
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Alphabet Soars 34% in April While Meta Takes a Beating
Google parent posts best monthly stock performance since 2004 as Meta suffers its steepest single-day drop since October.
Alphabet had a monster April. The Google parent's stock jumped 10% on Thursday alone, capping a 34% monthly gain — its best since 2004. Strong earnings drove the surge, reminding Wall Street that Google still knows how to print money.
Meta, meanwhile, had a very different Thursday. The stock cratered 8.5%, marking its worst single-day performance since October. That's a brutal swing for a company that's been riding high on AI hype.
The divergence is striking. Two of tech's biggest advertising giants heading in opposite directions on the same day. Alphabet's results clearly impressed investors enough to trigger a two-decade milestone, while Meta's report sent shareholders running for the exits.
One day doesn't make a trend, but Thursday's split tells you the market is picking favorites among Big Tech right now.