Big Tech delivers, capex jumps
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 30 April 2026
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers Thursday: GOOG, META, QCOM, and more
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Thursday, the final day of April. I'm Julie Morgan. |
| 0:14.1 | Alphabet reported strong financial growth and a quarterly beat. The stock is up 6% in pre-market action. Total revenues in the first quarter |
| 0:23.4 | rose 22% to 109.9 billion, clearing analyst's consensus for 107 billion and marking its 11th |
| 0:32.1 | straight quarter of double-digit growth. For the first quarter, capital spending more than doubled |
| 0:37.3 | year over year to 35.67 billion, |
| 0:41.0 | slightly less than analysts' expectations for 36.4 billion. Those analysts expect Q2 CAPEX to hit |
| 0:48.1 | $42.5 billion. Alphabet also announced a 5% increase to its quarterly dividend to 22 cents per share. |
| 0:58.2 | Meta Platforms is also a big mover this morning. |
| 1:01.6 | Meta beat on both the top and bottom lines in the first quarter. |
| 1:05.2 | The stock is down 8% in pre-market action. |
| 1:08.7 | Meta issued lackluster forward guidance and raised its |
| 1:11.9 | capex expectations by a significant amount. Meta now expects to spend between $125 billion and |
| 1:18.8 | $145 billion in capital expenditures, up from the prior range of $115 to $135 billion. |
| 1:30.8 | Also weighing on shares is a continued loss in its reality labs business of $4.03 billion. The company also realized a quarter over quarter declined in |
| 1:37.4 | family daily active people attributed to internet disruptions in Iran and restricted access to |
| 1:43.8 | WhatsApp in Russia. |
| 1:45.5 | Meanwhile, Microsoft reported fiscal third quarter results that were above Wall Street's |
| 1:50.5 | forecast, and Amazon blew past AWS estimates while AI investments dented free cash flow. |
| 1:58.2 | Microsoft is down 1.3% pre-market, and Amazon is up 1.2% ahead of market open. |
| 2:05.9 | We're taking a closer look at big tech earnings in the Wall Street Breakfast newsletter. |
| 2:10.7 | A link to sign up is in the show notes section. |
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