ChatGTP Loses Market Share
Quick Read
-
A potential U.S.-Iran peace deal is fading geopolitical risk fast, sending oil down 3% to $80 a barrel while markets hold near all-time highs.
-
SpaceX (SPCX) surges another 8% premarket, pushing its $2.74 trillion market cap past Amazon (AMZN) and within striking distance of Microsoft.
-
Mobileye (MBLY) launches its own autonomous ride-hailing service next year, putting it in direct competition with Alphabet's (GOOGL) Waymo.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Live Blog Update #3 Published
ChatGPT’s grip on the AI chatbot market is loosening, with its global market share dropping below 50% for the first time, according to TechCrunch. Sensor Tower data through the end of May shows ChatGPT still leading the pack at 46.4% with over 1.1 billion monthly users, but Gemini has climbed to 27.7% with 662 million users, while Claude holds 10.3% with 245 million, and the remaining players, including Grok, Perplexity, DeepSeek, and Meta AI, each sit under 5%. ChatGPT was above the 50% mark as recently as January, and the erosion appears tied to a few factors, not least users increasingly bouncing between assistants rather than committing to one.
All Updates from Live Coverage
Live
Wells Fargo is joining the chorus of bullish year-end calls, lifting its 2026 S&P 500 target to a range of 7,800 to 8,000 from a prior 7,400 to 7,600. The firm also unveiled its initial 2027 target, setting a range of 8,600 to 8,800, signaling continued confidence that the market’s upward trajectory has room to extend beyond this year.
Live
Microsoft (NASDAQ:MSFT) is the rare mega-cap where five years of waiting has barely moved the stock price, but the business underneath looks nothing like it did in 2021. Shares sit at $399 today versus $341 five years ago, a modest gain that masks a 109% surge in EPS, from $8.05 to $16.80, while the P/E multiple has collapsed 37.5%, from 37.9x down to 23.7x. The stock isn’t expensive because it grew into a higher valuation; it’s gotten cheaper while the fundamentals did all the work.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
Top Gaining Stocks
Top Losing Stocks