Shares of Alphabet ( GOOGL -1.02%) ( GOOG -0.92%) sank after Apple executive Eddy Cue said that searches on Safari declined for the first time ever in April. Cue attributed the decline to people using more artificial intelligence (AI) chatbots and predicted that AI search engines will eventually replace traditional search.

This past week was a big win for the Google bears, but we’re sticking with our bullish bet on Alphabet stock. The company’s shares have dropped 5.9% this week after Apple‘s senior vice president of services,

Shares in Google’s parent Alphabet fell by as much as 9 per cent on Wednesday after a top Apple executive said the iPhone maker was “looking at” introducing alternative search engines for its web browser powered by artificial intelligence.