Alphabet Matches Nvidia’s 1.5% S&P Gain; Meta Search Volume Tops Google
GOOG•Alphabet contributed 1.5 percentage points to the S&P 500’s 8.6% year-to-date gain, matching Nvidia as the index’s leading performer. Meta’s Q1 search volume from financial professionals exceeded Alphabet’s by 50% after Meta reported 33% revenue growth and raised 2026 capex to $125–$145 billion.
1. Alphabet's S&P Contribution
Alphabet's stock rally has driven 1.5 percentage points of the S&P 500's 8.6% year-to-date increase, tying with Nvidia as the largest contributor in 2026. This performance underscores Alphabet's continued strength in market leadership amid a broadening AI-driven rally.
2. Meta's Search Volume Lead
Following Meta's report of 33% revenue growth to $56.3 billion and its decision to raise 2026 capex guidance to $125–$145 billion, institutional and professional search volume for Meta outpaced Alphabet by 50%. This surge highlights intensifying competition for AI and search market attention.
3. Implications for Alphabet
With Meta allocating nearly double capex year-over-year and capturing greater professional interest, Alphabet faces pressure to innovate in AI and search services. Future capital deployment and technology advancements will be critical for maintaining revenue growth and defending search market share.
