Alphabet Shares Plummet Due to Russian Malware, AI Competition, and DOJ Trial Risks

Alphabet, the parent company of Google, experienced a significant drop in its shares due to multiple threats. A 5.01% decline was reported after Google's Threat Intelligence Group identified a new malware named "LOSTKEYS" linked to the Russian government-backed threat group Cold River. Additionally, a 7% decline followed reports of Apple's potential development of an AI-powered search tool, raising competition concerns. An Apple executive hinted at integrating AI chatbots into devices, further impacting Google's search business. Barclays also highlighted long-term risks from a Department of Justice trial, focusing on a multi-billion dollar default search engine agreement with Apple. The market reaction reflects uncertainty and apprehension regarding Alphabet's position in the evolving AI landscape.

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User Discussion

If apple drop google n do crap Ai search most likely a lot ppl will drop apple. As Ai search is not a full search engine and does not perform as well as google search
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