Big Tech Earnings Show Split Between AI Trade Winners and Losers
Big tech companies reported strong earnings, with Alphabet Inc.'s shares soaring 10% due to growth in Google Cloud and AI products. The performance highlights a split between AI trade winners and losers in the stock market.
The world’s biggest technology companies posted strong earnings, showing the artificial intelligence boom is alive. Investors are getting more granular in divvying up AI trade winners and losers. Alphabet Inc.'s shares soared 10% due to strong growth at Google Cloud and its AI products. The stock is now the biggest point contributor to the S&P 500 Index’s rise in 2026. Alphabet Inc.'s gain for the year is 23%, the best performance among the Magnificent Seven tech giants.
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