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Cryptocurrency News Articles

Apple's AI-Powered Search Integration Threatens Google's Dominance, Sending GOOGL Stock Down Over 7.5%

May 08, 2025 at 10:07 am

On May 7, 2025, Alphabet Inc. (GOOGL) experienced a significant stock decline, dropping over 7.5% to close at $149.42. This downturn was primarily triggered by reports that Apple is exploring the integration of AI-powered search features into its Safari browser, potentially challenging Google's dominance in the search engine market.

Apple's AI-Powered Search Integration Threatens Google's Dominance, Sending GOOGL Stock Down Over 7.5%

Alphabet Inc. (GOOGL) stock suffered a substantial decline on Monday, dropping over 7.5% to close at $149.42. The tech giant’s stock has been on a downward trajectory since the beginning of the year, accumulating a loss of nearly 30%.

This downturn in Alphabet’s stock price can be attributed to reports that Apple is developing AI-powered search features for its Safari browser, which could pose a challenge to Google’s dominance in the search engine market.

The sharp decrease in Alphabet’s stock has raised concerns about potential knock-on effects on the cryptocurrency market, especially Bitcoin, considering the observed correlations between tech stocks and digital assets.

Potential Impacts on the Cryptocurrency Market

Current Cryptocurrency Market Status

While Bitcoin has shown resilience amidst Alphabet’s stock decline, Ethereum has experienced a modest decrease. The broader implications for the cryptocurrency market remain to be seen as investors assess the evolving dynamics between tech equities and digital assets.

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Other articles published on May 12, 2025