Alphabet Stock Climbs After Google Defends $20B Apple Deal

Nauman khan

Thu, May 8, 2025, 10:08 AM 1 min read

May 8 - Alphabet's (NASDAQ:GOOG) Google is successful afloat defence mode aft Apple's Eddy Cue precocious testified that searches connected Apple's Safari browser person dipped, partially owed to the emergence of AI-driven alternatives. This is important due to the fact that Google has a $20 cardinal woody successful spot to beryllium the default hunt motor for Safari, making Apple a captious spouse successful its hunt dominance.

In a caller blog post, Google tried to calm capitalist nerves, saying it's inactive seeing "overall query maturation successful Search," acknowledgment to much postulation from Apple devices and the increasing usage of features similar dependable hunt and Google Lens.

The stakes are precocious for Google. It's not conscionable astir keeping Apple blessed the institution is besides warring a high-profile antitrust lawsuit with the U.S. Department of Justice implicit its dominance successful hunt and integer advertising.

After Apple's comments, GOOGL banal dropped 7%, though it has since clawed backmost 1.5% successful greeting trading. Even so, the banal is inactive down astir 10% year-to-date, reflecting broader marketplace jitters.

This nonfiction archetypal appeared connected GuruFocus.