Google (GOOG, GOOGL) stock dropped more than 7.5% on Wednesday after Apple's senior vice president of services, Eddy Cue, revealed that Apple (AAPL) is exploring adding AI search engines such as Perplexity to its default Safari web browser.
While Cue said Apple won't replace Google as its default option out of fear of losing the revenue its deal generates, he said he believes AI search apps will eventually replace standard search engines.