Moz Farooque
Thu, May 8, 2025, 9:19 AM 1 min read
In This Article:
Google-parent Alphabet (NASDAQ:GOOG) rebuts Apple (NASDAQ:AAPL) exec's assertion of hunt decline, saying wide queriesincluding those from Apple devicescontinue to turn and sending shares up 1.7% premarket.
In a statement, Google pushed backmost connected Eddy Cue's grounds that Safari searches fell for the archetypal clip successful Aprilsomething that has ne'er happened successful 20 yearsinsisting alternatively that full query measurement is rising crossed browsers, the Google app, dependable and Google Lens. The institution highlighted ongoing diagnostic upgrades that marque Search much utile for much queries and teased much innovations astatine Google I/O.
Cue's remarks came during the U.S. Department of Justice's antitrust trial, wherever helium besides signaled Apple is exploring AI-driven hunt options successful Safari, mentioning aboriginal talks with Perplexity AI and Anthropic's Claude. His comments knocked astir $200 cardinal disconnected Google's marketplace headdress earlier today's rebound.
Alphabet CEO Sundar Pichai separately told the tribunal helium expects to finalize an statement by midyear to bring Google's Gemini AI work to caller iPhones, underscoring the companies' intertwined dynamics adjacent amid contention concerns.
Why it matters: Google's forceful pushback underscores its assurance successful Search's resilienceand reassures investors that its halfway advertisement and information concern remains intact contempt high-profile ineligible challenges and rising AI-powered alternatives.
Investors volition ticker for query-growth metrics and caller Search features unveiled astatine Google I/O successful precocious May to gauge whether Google tin support its pb arsenic AI chatbots summation traction.
As of May 8, 2025, Alphabet has a GF Value of $175.96, suggesting the banal is modestly undervalued. The existent terms trades beneath the just worth estimate, implying imaginable upside if fundamentals hold.
This nonfiction archetypal appeared connected GuruFocus.