When you are tasked to do a search online, you go to Google or say google something......Nobody says Bing something. That is the power of top of the mind branding . The first brand that comes to consumer mind constantly win. Fast food = Macdonald, Coffee = Starbucks, Credit card = Visa, Electric Vehicle = Tesla ,etc.
These boys have spent lots of money building their brands over the years so much so their products are more than its functional parts. An automotive vehicle like the Benz and Rolls have become a luxury status symbol, associated with the haves and have not.
Microsoft may be able to steal some market share from Google's search engine business but the major slice of the business still lies with Google. And I think it is way too early to conclude the findings at this juncture when we are witnessing the ChatGPT revolution now.......
Mergers and acquisitions may take place down the road for market shares to expand and territory to conquer.
This temporary drop in share price is viewed as an opportunity for me. What about you ?
I too think the current price drop is temporary. Google still holds 90% of market share. Its failed launch of 1 product (Brad) shouldnt ruin its reputation. They are going to release a much better AI tool soon. Look at their other product:phones. From pixel 4a to current 7a, the phone they released in 3 years are like so diffrent. Performance wise they have even caught up or beaten Apple this year. Thats why i do think they going come back.
dchua1969
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@anmolpradhan47, thank you for your comments. I wish you all the best in your investments. Cheers.