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CNBC reported that the gap between Meta's ad revenue growth and Google's search expansion was the widest since 2021 in the latest quarter. The outlet said AI is boosting Meta's ad business while hurting Google search. The report did not provide detailed revenue figures for either company in the excerpt available. It also did not say how much of the divergence each company's AI tools account for.

1 outlet · 1 article · first seen Nov 1, 9:00 AM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • XLC closed at 99.90, down 1.29%, on 2026-10-30. Listed for: Communication Services sector ETF.

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