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.