From Nasdaq: 2025-05-10 16:45:00

Shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) dropped as Apple’s Eddy Cue noted a decrease in Safari searches due to AI chatbots. Apple may include search options from AI companies in Safari, hinting at a future without iPhones. However, Alphabet pays Apple $20 billion annually for exclusive search rights, keeping Apple invested in Google’s success.

Alphabet refuted Apple’s claims of declining search queries, citing overall growth. While AI chatbots may change the industry’s monetization model, Google’s diverse businesses like YouTube, Google Cloud, and Waymo robotaxi show promise. With a forward P/E ratio of 16x, Alphabet remains a solid investment despite potential disruptions in search.



Read more at Nasdaq: Alphabet Stock Sell-Off: 4 Reasons Why You Shouldn’t Panic About Google Search