From Nasdaq: 2025-05-07 13:57:00

Shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are down 7.8%, with a loss of 9.5% earlier. This decline comes as the S&P 500 gained 0.4% while the Nasdaq Composite lost 0.1%. An Apple executive’s testimony hints at potential changes to the Safari web browser focusing on AI-powered search engines.

Apple’s Eddy Cue testified to considering AI search options for Safari, challenging Google’s dominant position. With Safari searches dipping for the first time, competition is intensifying. Google Search’s importance to Alphabet’s revenue highlights the potential impact on the company’s future.

Google Search’s potential loss of dominance poses a threat to Alphabet’s revenue stream. Despite the risks, Alphabet’s strong AI offerings may help navigate the challenges ahead. Consider the 10 best stocks to buy now, as Alphabet was not included in the list, offering insights into potential market opportunities.



Read more at Nasdaq: Why Alphabet Stock Is Plummeting Today — Could the Tech Giant’s Search Fears Finally Be Coming True?