Apple VP of services Eddie Cue is saying that Apple is exploring adding AI to search browsers. The comments seem to have turned the stock market. The NASDAQ is now down around -59 points or -0.33% at 17631. The S&P is also dipping into negative territory..
Shares of Google have been impacted by the announcement. It’s shares are down -$7.61 or -4.5% to $156.00. Microsoft shares are down -1 dollar or -0.25% to $432.65.
Apple pays Google a fee every time a user clicks on Google. Hence the decline in Google shares.
This article was written by Greg Michalowski at www.forexlive.com.
