Alphabet Stock Rises on Potential Apple Deal for AI Technology, Upgraded Price Target from Wedbush

• Alphabet stock rose due to news that Apple may license Google's Gemini AI technology for iPhones • Investment bank Wedbush raised its price target on Alphabet to $175 per share • Wedbush believes Alphabet's massive data and user base give it an edge in AI • Alphabet continues to dominate digital advertising, with 95% share of mobile search • Even without AI, Alphabet has a strong core advertising business and attractive valuation