Google Stock Falls Amid OpenAI Web Browser. ChatGPT Advertising Next?

Core Insights - The announcement of OpenAI's ChatGPT Atlas web browser has raised concerns for Google, as it introduces new competition in the AI-driven search space [1][3][4] - Google's stock has seen a significant increase of approximately 30% in 2025, but it recently fell about 3% to $248.92, remaining below its all-time high of $256 [1][5] - The impact of generative AI on Google's search advertising revenue is a critical issue for investors, as the company adapts its search results to compete with AI technologies [3][5] Company Developments - OpenAI's ChatGPT Atlas will initially be available on macOS, with plans to expand to Windows, iOS, and Android [2] - Google has integrated its new Gemini AI model into the Chrome browser, allowing users to access AI features directly [4] - Google began deploying AI Overviews in mid-2024, which may affect the growth of its search ad revenue [5] Market Performance - Alphabet's stock currently holds a Relative Strength Rating of 90 out of a possible 99, indicating strong performance [6] - The Accumulation/Distribution Rating for Google stock is B+, suggesting moderate institutional buying activity [7] - The IBD Composite Rating for Alphabet is 98 out of 99, reflecting its strong fundamental and technical metrics [7]