Alphabet: Search Is Dead, Long Live Search

Core Insights - Alphabet's traditional search engine is experiencing a sustained decline in usage as users increasingly turn to AI chatbots and other AI solutions for their needs [1] Group 1: Company Performance - The decline in search engine usage is a significant concern for Alphabet, indicating a shift in consumer behavior towards AI technologies [1] Group 2: Market Trends - Observing megatrends can provide insights into societal advancements and potential investment opportunities, highlighting the importance of understanding evolving technologies [1] - The focus on macrotrends and emerging technologies is crucial for identifying which companies can capitalize on new opportunities [1] Group 3: Investment Strategy - Emphasis on fundamentals, quality of leadership, and product pipeline is essential for uncovering investment opportunities, particularly in medium-sized companies and startups [1]