Google Gemini Narrows Gap With ChatGPT to 3%, Impacting Alphabet Stock

A survey by Evercore ISI analyst Mark Mahaney indicates that Google's Gemini has significantly reduced its market-usage gap with ChatGPT to just 3%, down from 11% in August 2024. This shift highlights intense competition in the generative AI sector, potentially influencing Alphabet (NASDAQ: GOOG) stock performance as the company aggressively scales its AI capabilities to challenge OpenAI.