Google maintained steady user and traffic growth in June while rivals Claude and Gemini extended sharp gains, according to a new note from Bank of America.
BofA reiterated its Buy rating on Alphabet Inc (NASDAQ:GOOG), pointing to comments from Google executives describing an "expansionary moment" for Search that could support continued strength into 2026.
Global daily active users on Google's app rose 1% month-over-month to 2.2 billion in June, per Sensor Tower data cited in the note. ChatGPT held flat at 440 million daily users, while Gemini climbed 7% to 118 million and Claude gained 9% to 18 million.
Gemini added 8 million daily users during the month, more than any other AI app tracked, followed by ChatGPT and Claude, which each added 2 million. Meta AI lost about 200,000 daily users over the same period.
Web traffic data from Similarweb showed a similar pattern. Global daily visits to Google were up 4% year-over-year to 2.8 billion in June, while ChatGPT's web traffic was flat year-over-year at 179 million visits. Gemini's web visits surged 341% year-over-year and Claude's rose 736%, though both remain far smaller in absolute terms than Google or ChatGPT. Meta AI's web visits rose 98% year-over-year.
In the US specifically, Google web visits rose 3% year-over-year to 535 million, while ChatGPT's US visits climbed 19% year-over-year to 31 million, equivalent to roughly 6% of Google's US traffic.
Search market share data from Statcounter showed Google's global share up 79 basis points month-over-month and 171 basis points year-over-year, reaching 91.3%. Bing's global share ticked up 30 basis points month-over-month to 4.7%. In the US, Google's search share rose 86 basis points month-over-month to 86.7%.
BofA said the combination of stable Google traffic and strong ecommerce volumes in the second quarter points to potential upside to Street estimates for Search. The bank flagged new AI-driven ad formats and agentic search features announced at Google's I/O conference, along with broader rollout of Gemini 3.5 Pro, as potential catalysts. Risks cited included Alphabet's relatively elevated valuation compared with its recent history, OpenAI's advertising ramp, and emerging competition from new models.