Key facts
- Alphabet's search revenue came in weaker than expected in its most recent earnings report, per Bloomberg.
- Bloomberg reported that Google's expanding AI presence is drawing usage away from its search business.
- Stash Graham, chief investment officer at Graham Capital, said worry is warranted if search is no longer a reliable profit source.
Alphabet reported weaker-than-expected search revenue in its earnings report in the week before November 5, 2026, Bloomberg reported. The report said part of the pressure on Google's search business comes from the company's own expanding AI products, which are drawing usage away from search.
"If the golden goose isn't a golden goose anymore, then there's reason to be worried," said Stash Graham, chief investment officer at Graham Capital, according to Bloomberg. The report frames the question as whether Google's dominance in internet search holds up as AI reshapes how people find information.