Is Alphabet’s (GOOG) Position in Search Affected by Artificial Intelligence?

Group 1 - Lakehouse Capital's "Lakehouse Global Growth Fund" achieved a net return of 33.4% for the year, outperforming its benchmark which returned 18.4% [1] - Since its inception in December 2017, the fund has delivered a total return of 254.4%, significantly higher than the benchmark's 139.9% [1] Group 2 - The second-quarter 2025 investor letter highlighted Alphabet Inc. (NASDAQ:GOOG) with a one-month return of 15.76% and a 52-week gain of 47.84% [2] - As of September 26, 2025, Alphabet Inc. (NASDAQ:GOOG) closed at $247.18 per share, with a market capitalization of $2.985 trillion [2] Group 3 - Concerns regarding Alphabet Inc.'s near monopolistic position in Search have emerged, particularly due to potential competition from new AI alternatives like ChatGPT [3] - Despite these concerns, Alphabet is considered well-positioned due to its extensive user base and significant investments in AI technologies [3]