While artificial intelligence (AI) has done wonders for several tech giants this year, tech behemoth Alphabet Inc. (GOOG) has struggled to match the market’s momentum, with its stock trailing behind the broader market. The company faces multiple headwinds, both on the business front and from regulatory pressures. Alphabet suffered a major blow after losing a critical antitrust case over its exclusive search deals with Android and Apple (AAPL) devices.
Adding to the heat, reports suggest Alphabet could be forced to spin off key assets like its Chrome browser and Android operating system. Such a breakup would strike at the heart of Alphabet’s dominance, threatening to disrupt its leadership in the search and digital landscape and leaving the tech giant facing an uncertain future. Compounding the problem is Alphabet’s lingering reputation of lagging behind in the AI race.
