Google Pushes Back Against Claims of Declining Search Use Amid AI Competition
Apple Executive’s Testimony Shakes Google Shares
On Wednesday, Google’s parent company Alphabet saw its stock price fall by 7.51% following testimony from Eddy Cue, Apple’s Senior Vice President of Services. Cue told the court that, for the first time, usage of search engines by users of Apple’s Safari browser had declined last month. He suggested that a major technological shift is underway, with users increasingly turning to AI-driven tools instead of traditional search engines. Cue’s remarks fueled investor concerns, leading to a rapid sell-off of Alphabet shares.
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