SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Julius Wong9/3/2025 9:21:57 AM
1 Recommendation

Recommended By
Return to Sender

   of 8239
 
'Massive win' for Apple and Google in DOJ case, says Wedbush while getting bullish on companies

Sep. 03, 2025 4:51 AM ET
By: Ravikash Bakolia, SA News Editor

Wedbush noted that a federal judge's ruling in an antitrust case brought by the U.S. Department of Justice was a "massive win" for Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Apple (NASDAQ: AAPL).

Judge Amit Mehta ruled that Google must open up competition in online search by sharing more data with competitors, and said that the company could not enter exclusive contracts for search but could still pay for search engine inclusion.

Shares of Google jumped about 5%, while Apple's stock climbed nearly 3% premarket on Wednesday.

"Google and Apple just got a massive win from the courts ruling that the ongoing $20 billion search deal between the two stalwarts will remain and not be barred in its current form. This was a black cloud worry over Apple's stock as investors worried a Google Chrome breakup and/or forced to extinguish the search deal with Apple was potentially on the docket," said analysts led by Daniel Ives.

The analysts added that this "is a monster win for Cupertino and for Google its a home run ruling that removes a huge overhang on the stock."

The analysts noted that in theory Google is barred from "exclusive deals" for search but this now lays the groundwork for Apple to continue its deal and ultimately likely double down on more AI related partnerships with Google's Gemini down the road.

Ives and his team said that there will be some tweaks to the partnership, but ultimately this "removes a $25 overhang on Apple's stock in our view that the Street will digest very bullish asthis ruling now is finally in the books after years of speculation."

Wedbush maintained its Outperform rating and $270 price target on Apple's stock.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News