According to The Kobeissi Letter, Alphabet (GOOGL) extended its losses to more than 9% in a single day after reports that Apple is exploring AI-powered search in its browser (source: @KobeissiLetter, May 7, 2025). Notably, GOOGL failed to record a single 10-minute green candlestick in two hours of trading, indicating intense sustained selling pressure. This sharp downturn in a major tech stock has triggered volatility across tech-focused crypto tokens and AI-related cryptocurrencies, as traders anticipate shifts in market leadership and potential capital rotation into AI and blockchain projects. Monitoring sentiment and price action in both GOOGL and leading crypto AI tokens is recommended for short-term traders.

According to The Kobeissi Letter, Alphabet stock (GOOGL) dropped more than 5% after news broke that Apple is exploring the integration of AI-powered search capabilities directly into its browser. This move threatens Google's significant search engine market share, potentially impacting advertising revenue streams and cloud services tied to AI. Traders are closely watching for cross-sector effects, as reduced Alphabet profitability could limit its investments in blockchain and crypto-related ventures, while also signaling greater competition in the AI search space—an area increasingly intersecting with crypto technologies. Source: The Kobeissi Letter on Twitter, May 7, 2025.