Alphabet stock was trading flat Tuesday morning in advance of the company's keynote address at its Google I/O developers conference.
The stock has dropped 12% this year amid regulatory uncertainty and investor concerns that the king of search is at risk of losing its crown. Wall Street will be looking for updates on Tuesday from the tech giant on its plans to compete with artificial intelligence search companies like OpenAI's ChatGPT, Perplexity, and Meta AI.
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