Alphabet Inc shares fell nearly 4% on Monday after a report that South Korea's Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices.
over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT.
On Monday, the stock fell to $104.90 and erased nearly $50 billion from Alphabet's market capitalization. Microsoft, meanwhile, outperformed the broader market with a rise of 1%.
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