Shares of Alphabet Inc, the parent company of Google, fell by as much as 4% after reports emerged that Samsung Electronics was considering replacing Google with Bing as the default search engine on its devices. This report underscores the growing challenges that Google's search engine business faces from Bing, which has recently risen in prominence following the integration of artificial intelligence technology. Google reportedly earns $3 billion in annual revenue from the Samsung contract and is "panicking" about the threat from Bing. Meanwhile, Microsoft outperformed the broader market with a rise of 1%. Alphabet shares ended 2.7% lower at $105.9 on Monday.

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