From Nasdaq: 2024-04-29 06:07:00

Earnings season showcases victories and defeats for tech giants like Alphabet, Meta Platforms, and Microsoft. Alphabet’s stock surged nearly 10% on strong Q1 results, with revenue up 15% to $80.5 billion. Microsoft’s revenue rose 17% to $61.9 billion, while Meta’s revenue grew 27% to $36.5 billion despite a stock plunge after the earnings call.

Alphabet, Microsoft, and Meta all delivered solid results with impressive revenue and earnings growth in Q1. Alphabet CEO Sundar Pichai highlighted the increased usage of Google’s new AI. Microsoft’s partnership with OpenAI boosted sales, but Meta faced a stock sell-off as CEO Mark Zuckerberg emphasized investing in AI and metaverse.

Despite the negative investor reaction to Meta’s earnings report, the company’s history of successful product monetization suggests long-term potential. Meta boasts the lowest PEG ratio, making it an attractive buy opportunity on the dip. Investors eyeing Meta Platforms should consider the Motley Fool’s 10 best stock picks for potential high returns.

Former Facebook director Randi Zuckerberg serves on The Motley Fool’s board. Suzanne Frey from Alphabet and author Keith Speights have positions in Alphabet, Meta Platforms, and Microsoft. The Motley Fool recommends and holds positions in Alphabet, Meta Platforms, and Microsoft, with options on Microsoft. The author’s opinions are independent and do not reflect Nasdaq, Inc.



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