The mega-cap winners and losers: Alphabet and Meta

CNBC’s Investment Committee discusses market positioning after recent mega-cap earnings, highlighting Alphabet as a winner and Meta as a loser. Meta shares fell following the company’s decision to raise capital spending, prompting investor concern about near-term profitability and growth trade-offs. At the same time, longtime investor Steve Weiss said he’s buying more Meta stock, signaling contrarian confidence that could attract value-focused buyers. The segment focuses on how to trade winners and losers coming out of earnings, implying continued volatility in mega-cap tech as investors weigh capex-driven growth plans against near-term margins and guidance.