Is Alphabet's Stock a Sell After Microsoft's ChatGPT Upgrades?
Alphabet's (NASDAQ: GOOG) Google search engine has dominated the competition. In fact, in 2021 the top search term on the Bing search engine, owned by Microsoft (NASDAQ: MSFT), was "google."
However, many investors wondered if Alphabet's reign was ending after Microsoft began rolling out new Bing features powered by OpenAI's technology (the makers of ChatGPT). So is this the case? Or can Alphabet still maintain its market position? Let's find out.
When Microsoft rolled out its new platform, Alphabet quickly responded by hosting its artificial intelligence (AI) event the next day. However, Alphabet's Bard technology made a blunder, which caused investors to panic and dump the stock. This caused Alphabet to lose over $150 billion in market cap in just under a week.
Source Fool.com
