AWARDS
$GOOGL is on track for its worst day since October 2023 and its seventh-biggest loss in 20 years. Alphabet (GOOGL) shares are down today, down about 7.8% as of 8:00 p.m. EDT, primarily on reports that Apple is exploring integrating artificial intelligence (AI) into its search capabilities, potentially reducing its reliance on Google's search engine. Bloomberg reported that Apple executive Eddy Cue testified on AI advances, suggesting that AI could take market share from traditional search engines like Google. The news has raised concerns among investors about Google's dominance in search, a key driver of Alphabet's revenue. Source: Grok, Barchart
