How to Play GOOG Stock as Google Gemini Sends a Chill Down Sam Altman’s Spine

The battle for artificial intelligence (AI) dominance is heating up on multiple levels. We have the intense rivalry between the U.S. and China, which are vying for global AI leadership. At another level, there is growing competition in the chip space as companies try to break Nvidia’s (NVDA) dominance in the lucrative AI chip market.

There is also the rivalry between AI companies across different domains, which was on full display when Amazon (AMZN) sent a “cease and desist” letter to Perplexity, accusing its AI-powered shopping assistant Comet of violating the company’s terms of service by failing to identify itself.