Google's Gemini and Anthropic Claude Gain Market Share Against ChatGPT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: seekingalpha
- Market Share Dynamics: According to BNP Paribas' AI tracker, Google's Gemini increased its share of global AI chatbot traffic from 29.4% in April to 29.9% in May, while Anthropic's Claude rose from 8.8% to 9.8%, indicating a gradual competitive pressure on OpenAI's ChatGPT.
- ChatGPT's Dominance: Despite the increases in traffic for Gemini and Claude, ChatGPT remains the leader with over 60% market share, although its share has steadily declined from over 90% in early 2025, reflecting an intensifying competitive landscape.
- Significant Investment Opportunity: Google's deal with SpaceX to secure 200MW of compute capacity for $920M per month for three years highlights substantial AI demand; while this may raise near-term concerns about capital intensity, BNP Paribas views the investment as strategically prudent for long-term growth.
- Cloud Computing Outlook: BNP Paribas analyst Nick Jones noted that Google's investment could enhance cloud growth and potentially accelerate META's plans to commercialize its infrastructure, thereby increasing long-term revenue opportunities across AI-driven products.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall
15 Analyst Rating
14 Buy
1 Hold
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Strong Buy
Current: 356.560
Low
255.00
Averages
336.08
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Current: 356.560
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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