Why Wall Street Is Quietly Dumping Meta Stock for Google

The article argues that investors are rotating out of Meta and into Google as Wall Street grows uneasy about Meta’s massive AI spending. Meta is projected to spend $125 billion to $145 billion in 2026, mostly on AI data centers, while nearly all of its revenue still comes from advertising. By contrast, Google already has a profitable cloud business that can monetize AI infrastructure today. Market signals cited in the piece show selling pressure on Meta, stronger buying in Google, and weaker relative strength for Meta. Traders are also hedging Meta ahead of its July 29 earnings report, where analysts expect about $60 billion in revenue. Despite this caution, several analysts remain bullish on the stock, setting up a clear disagreement between big-money flows and Wall Street ratings.