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the daily moo

the daily moo

Business:Investing

Who will use Google search? Alphabet drops

Who will use Google search? Alphabet drops

2025-05-08
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Shares rose overnight, with investors hopeful US-China talks will lead to tariff de-escalation. But we saw a sharp drop in Alphabet on news its search volume declined, with AI investors turning to other stocks such as Nvidia. ANZ Bank reported 'strongest ever half-year revenue', rounding out solid results from the big three banks reporting for this season. Commodity prices dipped as the US dollar rose, but may not stay that way for long.

Securities mentioned include Invesco QQQ Trust, ProShares UltraPro QQQ ETF, Apple, iShares Bitcoin Trust, Alphabet, ANZ Bank, Sandfire Resources, Nvidia, National Australia Bank

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