Week of relief for Microsoft and Google but AI falls short for other tech titans

Google/Alphabet joined an elite club by closing above $2tn but others such as Meta and Intel have not convinced investors

'Alphabet is tremendously well managed, its free cash flow is absolutely astonishing, and it has a massive R&D budget,' one analyst said. File picture: Jeff Chiu/AP

Google-owner Alphabet and Microsoft ended the week on a high, after their latest earnings satisfied stock market investors that the promise of new artificial intelligence (AI)  products will deliver.

For others, including Facebook-owner Meta and chipmaker Intel, investors have yet to be convinced.