📉 Alphabet Share Price Slumps as Apple Eyes AI Search for Safari
💥 Massive Sell-Off on Wednesday
• Alphabet shares plunged 7.51%, closing at $152.80
• Nearly $150 billion in market value wiped out in a day
🍎 What Triggered the Crash?
• Reports suggest Apple plans to integrate AI-powered search into Safari
• Seen as a major threat to Google’s dominance in mobile search
• Could significantly impact Google’s ad revenue from iPhone users
📉 Alphabet Stock Performance Snapshot:
• 🔼 +2.4% in the past month
• 🔻 -16% over 6 months
• 🔻 -20% YTD
• 🔻 -12% in the past year
• 🔼 +120% return over the last 5 years
🧠 AI Disruption in Search
• Apple’s Eddy Cue: iPhone users turning to AI for answers, causing Safari searches to dip
• Cue confirms Apple is actively rethinking Safari’s role
📉 Apple Stock Reaction:
• Closed 1.1% lower after the announcement
