Services-computer Programming, Data Processing, Etc.

SIC 7370 covers companies that provide computer programming, data processing, hosting, and related internet services. In this three-member list, Alphabet (GOOG and GOOGL) spans search, digital advertising, cloud computing, and AI, while Meta (META) operates social platforms and advertising across Facebook, Instagram, and WhatsApp. Investors watch ad spending trends, user engagement, cloud revenue growth, AI capital spending, operating margins, and regulatory or privacy risks, since these drivers can move revenue and cash flow. The presence of two Alphabet share classes means GOOG and GOOGL offer different access to the same underlying business rather than separate operations.

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