Alphabet's ( NASDAQ:GOOGL ) ( NASDAQ:GOOG ) ad business has undoubtedly been feeling the pressure of macro headwinds lately, and with OpenAI's chatbot continuing to experience impressive usage, it seems like Alphabet's Google Search can add ChatGPT to its list of headwinds. Notably, amid tech's remarkable year-to-date recovery, shares of Alphabet have been lagging the pack with around 7.2% gains year-to-date, well below the 15% gains posted by the Nasdaq 100 ( NDX ). However, despite these factors, I remain bullish on GOOGL stock.