According to The Kobeissi Letter, Alphabet stock (GOOGL) declined more than 5% after news emerged that Apple is exploring the integration of AI-powered search functionality into its browser. This move by Apple indicates potential increased competition for Google in the lucrative search market, which could affect Google's advertising revenue streams. Crypto traders are closely monitoring this development, as shifts in major tech stocks like GOOGL often impact market sentiment, risk appetite, and liquidity flows in the cryptocurrency sector (Source: The Kobeissi Letter, May 7, 2025).