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Cathie Wood Dumps Alphabet for Meta Platforms Amid AI Capex Divergence

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Cathie Wood’s ARK Invest sold $27.8 million of Alphabet while buying $27.9 million of Meta Platforms.
  • The portfolio swap sparks valuation debate as Meta faces surging costs and compressed margins, whereas Alphabet displays accelerating cloud growth and trades at an attractive 17x P/E multiple.
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GOOGL price history

338.50 +6.53% over the displayed period

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