Investor Gene Munster warned that personalized AI bots could erode Amazon's hold on online shopping and Alphabet's grip on search, as bots make it easy to find exactly what shoppers want. He said Alphabet must show whether AI Overviews and AI Mode can channel search traffic into personalized bot use, while Meta already has Walmart, Sephora and Best Buy as shopping partners for its Muse agent and Amazon has blocked it. Munster estimates current global daily bot usage at about 20 million and expects it to reach 2 billion within three years. Alphabet's Chief Business Officer Philipp Schindler said agentic experiences are 'clearly additive' to Search, though search growth slowed in the quarter due to currency and the 'lower monetization' of AI Mode.
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AMZNGOOGLartificial intelligencee-commerce
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Related tickers and likely impact
AMZN
▼ Likely negativeAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/28/2026 | 254.65 |
| Change that session | +0.61% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 325.61 |
| Change that session | +1.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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