CNBC Televisionยท2025-10-30 11:29Meta (META) & Alphabet (GOOGL) Performance - Evercore ISI adjusted price targets, increasing for Alphabet and decreasing for Meta [1] - Both companies demonstrate the ability to leverage AI to enhance core businesses [2] - Meta's increased investment in AGI (super intelligence) caused market hesitation regarding capital expenditure and expense guidance [3] - Google proved it could deploy AI to improve core search business and YouTube, leading to accelerated revenue growth [3] - Meta's ad revenue growth and improved user experience are attributed to AI deployment in Instagram, Facebook, Threads, and WhatsApp [6] - The market is uncertain about Meta's ability to become an AI leader, especially without an external sales product like cloud services [8] - Meta is expected to trade sideways for 3-6 months until it proves its AI leadership [9] Amazon (AMZN) Outlook - Amazon needs to achieve approximately 185% year-over-year AWS growth [10] - Achieving AWS growth comparable to Azure sequentially in dollar terms would positively shift the narrative on Amazon [10]