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Alphabet Stock Plunge Sparks AI Crypto Tokens Surge
By: nft evening|2025/05/08 23:00:07
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Alphabet’s 9% stock drop on May 7, 2025, amid Apple’s AI search exploration for Safari, is fueling interest in AI crypto tokens like TAO, GRT, and AGIX. Alphabet’s 9% Stock Plunge$GOOGL, the stock of Alphabet dropped over 9% on May 7, 2025, after Apple announced it is exploring AI-powered search features for its Safari browser, signaling a potential shift in the search engine market.Truly incredible:Alphabet, $GOOGL, extends losses to over -9% on the day as Apple explores AI search in its browser.Not a single 10-minute green candlestick in 2 hours. pic.twitter.com/gQRStej2Tl— The Kobeissi Letter (@KobeissiLetter) May 7, 2025Apple’s senior vice president of services, Eddy Cue, revealed during Alphabet’s antitrust trial that Safari searches dropped for the first time last month, with users turning to AI-based search options like ChatGPT, already integrated into Apple’s ecosystem.Google currently pays Apple $20 billion annually to remain the default search engine on Safari, a deal central to the U.S. Justice Department’s lawsuit alleging Google maintains an illegal monopoly in search.The news has sparked interest in AI crypto tokens, which power decentralized AI platforms, as investors see potential in blockchain-based AI solutions amid the shifting search landscape.User Score9.9 Promotion-10% Trading FeesGet 10% Lifetime Cashback on Every TradeClaim Reward Now!Learn moreBittensor (TAO) Leading AI Crypto Token SurgeBittensor TAO, an AI crypto token, operates a decentralized marketplace for trading AI models and computational resources, gaining traction as a platform for machine intelligence.The Graph GRT, another AI token, serves as a blockchain search engine with its indexing protocol, recently dipping below a $1 billion market cap but still viewed as a key player.SingularityNET AGIX focuses on building decentralized Artificial General Intelligence (AGI), pumping over 80% in the past 30 days.AI crypto tokens like Render RENDER are also relevant, connecting artists with GPU owners for rendering power, a use case tied to the growing demand for AI computational resources.Source: CoinGeckoGoogle’s own AI search efforts, like Gemini and AI Overviews, face competition from OpenAI’s SearchGPT and Meta’s planned AI search for its platforms, highlighting a broader industry trend toward AI-driven search solutions.The post Alphabet Stock Plunge Sparks AI Crypto Tokens Surge appeared first on NFT Evening.
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