Investing.com -- Alphabet (NASDAQ:GOOGL) stock declined 4% Tuesday following OpenAI’s announcement of an upcoming product launch that appears to hint at a new browser.
The AI company’s CEO Sam Altman posted on social media platform X that OpenAI will host a livestream today at 1 PM ET to launch "a new product I’m quite excited about!" While the post did not explicitly mention a browser, market speculation centered around this possibility, potentially creating new competition for Google’s dominant Chrome browser.
The market reaction reflects investor concerns about potential threats to Alphabet’s core business segments. Google’s Chrome browser holds a commanding market share in the web browser space, and any significant new entrant backed by OpenAI’s artificial intelligence capabilities could represent a competitive challenge.
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Alphabet stock falls after OpenAI teases browser launch
Published 2 weeks ago
Oct 21, 2025 at 3:50 PM
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