The data on AI Overviews is more nuanced than the headlines suggest. On informational queries where an AI Overview appears, classical organic CTR drops 15–25% on average — meaningful but not catastrophic. The bigger story is that brands cited in the AI Overview itself capture a new form of visibility: they appear with their domain name attached to authoritative answers, which translates to brand-trust accretion even when it does not translate to a direct click. Brands not cited in the AI Overview lose visibility twice — they lose the click AND they are not associated with the answer the user remembers. The practical strategic shift: original data, named authors, and explicit answer formatting now matter more than they did in 2022. The rest of SEO (technical, links, content depth) still matters.