Down 16%, Should You Buy the Dip on Alphabet?

The current dip provides investors with a chance to buy shares at a discount to the market. With the proliferation of generative artificial intelligence (AI) tools in recent years, investors have rightfully been concerned that Alphabet’s crown jewel, Google Search, that represented 56% of sales in the first quarter, would be disrupted. First off, Google Search still commands a whopping 90% of global market share when it comes to search engines.