Meta Platforms has outperformed the S&P 500 massively, due to cost-cutting and a growing activity on the family of apps. Alphabet got hit badly and is underperforming, due to the release of ChatGPT.
Alphabet Inc. stock has surged 84% in a year, moving from undervalued to fairly valued territory after resolving antitrust overhangs. GOOGL's valuation now exceeds peers like Nvidia, Meta Platforms, ...