Microsoft (NASDAQ: MSFT) is getting into artificial intelligence with OpenAI-powered search and office assistants, and the market's reaction was to sell off Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock by nearly 10%. As the theory goes, even if Microsoft peels off just a point or two of market share, it could significantly impact Alphabet's subsidiary Google's profitability. Read More...
Microsoft (NASDAQ: MSFT) is getting into artificial intelligence with OpenAI-powered search and office assistants, and the market’s reaction was to sell off Alphabet’s (NASDAQ: GOOG) (NASDAQ: GOOGL) stock by nearly 10%. As the theory goes, even if Microsoft peels off just a point or two of market share, it could significantly impact Alphabet’s subsidiary Google’s profitability.
