Feng Huang Wang·2025-05-08 12:43Group 1 - Google's search volume has declined for the first time in over 20 years, attributed to the rise of generative AI services like ChatGPT and Perplexity [1] - Following the revelation of declining search volume, Alphabet's stock dropped over 7%, resulting in a market value loss of approximately $250 billion (about 1.8 trillion RMB) [1] - Apple also experienced a stock decline of over 1% due to its lucrative partnership with Google, which involves Google paying Apple more than $20 billion annually [1] Group 2 - Google's global search market share has fallen from approximately 93% at the end of 2022 to 89.7% recently, with five out of the last six months showing a share below 90% [2] - Despite the decline in market share, most search queries directed towards AI chatbots are not commercially viable, according to analysts [2] - Alphabet's stock has seen a nearly 12% decline over the past 12 months, with its price-to-earnings ratio dropping below 16 for the first time in 12 years [2]