Brian Stewart, seeking Alpha's director of news, welcome to May. Talk to us. Where are we at? Big time tech earnings.

Yeah, I think we got to start with the earnings. So we had five of the

Mag7 report this past week. We got Tesla already and we got Nvidia on the way. I think the best

way to kind of dive into these is to start with meta and alphabet and kind of look at them in

sort of a tail of two stocks kind of way. Both beat expectations, both announced that they were raising their

KAPX spending target for this year.

Meanwhile, meta dropped about 9% after it announced its results, and Alphabet was up

about 10%.

So you see them going in opposite directions.

I think this largely has to do with investor confidence in what the spending is going to do.

So you have alphabet, which I think is perceived by the market to already be ahead of

meta in terms of AI build out.

I think Gemini is, you know, one of the three or four AI products that people think of when you ask them to name popular AI products.

Meanwhile, meta's behind the curve a little bit on that.

Meanwhile, Google can spend more with its raised, Capax's spending about $190 billion on the high end is what it expects for 2026.

Meta is in the $145 billion range.

So you have Alphabet ahead spending more.

And I think you also have, just in terms of investor sentiment,

you have kind of a drag for meta from the metaverse expenditure.

I just think people trust Alphabet to get more ROI out of its investment than meta,

just because of the kind of past of the company.

Also the structure of the companies of past of the company. Also, the structure of the companies.

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