Stocks Slide As Apple Exec Admits Efforts To Replace Google For AI Search

Apple Senior Vice President of Services Eddy Cue testified that the company is actively exploring the integration of AI-powered search into its browser, following signs of a potential fallout with its longstanding search partnership with Google.

Cue revealed that Safari search volumes declined for the first time in April, prompting the company to evaluate alternatives. He specifically mentioned Perplexity and Anthropic as potential options.

Here are the latest headlines: 

• APPLE’S CUE: LOST SLEEP OVER POSSIBILITY OF LOSING REV. SHARE

• APPLE’S CUE: BELIEVES PERPLEXITY, ANTHROPIC COULD BE OPTIONS

• APPLE LOOKED AT ANTHROPIC, DEEPSEEK, GROK, PERPLEXITY FOR AI

This news sent Google shares sinking as much as 5%.

Apple shares fell to a session low of 1.7%. 

Sliding Apple and Google price action sent US main equity futures lower. 

*Developing…