Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock price plunged last week as the market started to sense that the Google empire isn't as strong as it once was.

Rival Microsoft last week announced a new version of its Bing search engine that is powered by OpenAI's ChatGPT technology. Alphabet responded with its own presentation for its Bard AI tool, but flubbed the announcement as Bard gave an incorrect answer to a question in the video the company showed.

As the buzz around generative artificial intelligence (AI) like ChatGPT has grown, Alphabet has become a battleground stock, with some on social media and elsewhere arguing that ChatGPT will be a fleeting phenomenon or that the brand and habit built around Google Search are simply too powerful to disrupt.

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Source Fool.com