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Among the "Magnificent Seven" tech stocks that have reported earnings, only Alphabet saw a post-market rise.

2026-04-29 21:33

Odaily Planet Daily News As four of the Magnificent Seven tech companies released their earnings after the market close, only Alphabet (GOOGL.O) appeared to perform well enough to please investors. Alphabet's first-quarter revenue grew 22% to nearly $110 billion, beating analysts' expectations. Net profit reached $62.6 billion, a year-over-year increase of 81%. Additionally, the company's fiscal 2025 sales hit a record $403 billion, with profits of approximately $132 billion. After exceeding performance expectations, Alphabet's stock rose 3.9%. Unsurprisingly, its CEO, Sundar Pichai, attributed much of the company's growth to its supporting AI investments. Amazon, Meta Platforms, and Microsoft also reported strong growth, but their stock prices declined, with Meta falling over 5%. Meta's sales guidance met expectations, and the company also raised its capital expenditure plans for the year, reflecting rising component prices and, to a lesser extent, additional data center costs.

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