BUZZ-Apple, Alphabet down after report of iPhone maker exploring adding AI search to browser

Reuters2025-05-07

** Shares of Apple AAPL.O down 2% to $194.26 and Alphabet GOOGL.O fall 5.6% to $155.96

** Apple is "actively looking at" reshaping Safari web browser on its devices to focus on AI-powered search engines, Bloomberg News reports

** Eddy Cue, Apple's senior vice president of services, said that searches on Safari dipped for the first time in April during a testimony in the U.S. Justice Department's lawsuit against GOOGL - report

** Cue said he believes that AI search providers, including OpenAI, Perplexity AI and Anthropic, will eventually replace standard search engines like Google, Bloomberg says

** AAPL down ~21%, while GOOGL has fallen 13.8% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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