Stock Movers Alphabet Falls, Uber Misses, Walt Disney Shares Surge
May 7, 2025
A seismic shift looms as Alphabet's stock tumbles amid rumors of Apple revamping its browser to feature AI-driven search. The potential unraveling of their $20 billion partnership raises concerns in the tech world. Meanwhile, Uber faces a slump with disappointing earnings and lower-than-expected bookings, reflecting a slowdown in rideshare demand. In contrast, Walt Disney's stock surges after beating estimates and positively adjusting its full-year outlook, driven by strong performances in theme parks and streaming.
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Apple's AI Search Threatens Google Deal
- Apple's potential revamp of Safari to focus on AI-powered search could end its longstanding default search deal with Google.
- This deal contributes $20 billion annually to Google and affects Apple's device user experience significantly.
Tourism Drops Impact Uber Growth
- Uber reported lower-than-expected gross bookings and revenue in Q1 2025, partly due to decreased U.S. inbound travel.
- This slowdown mirrors recent trends observed by Airbnb, indicating reduced tourist arrivals in the U.S.
Disney Defies Tourism Slowdown
- Despite broader tourism slowdowns, Disney beat earnings estimates and raised its full-year outlook due to strong theme park and streaming performances.
- Disney projects 16% earnings growth in 2025, nearly doubling previous forecasts amid general market uncertainty.