Alphabet shares were last down more than 5% as worries over rising competition from Microsoft amid the ongoing artificial intelligence race continued to weigh on investor sentiment.

The move in Google's stock comes after both companies held competing AI events this week, showcasing their plans to tap into the buzzy tech trend that's overtaken Wall Street since the launch of ChatGPT.

It may also signal that some investors aren't as keen on the AI headway Alphabet is making, or Wednesday's demo from the search giant itself.

Despite the reflection in shares, commentary from analysts this week signaled that although Microsoft may be coming out on top in the AI race near term, Alphabet could win out in the long term.

@Daily_Discussion