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Benzinga
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Apple Gets 'Home Run Ruling' In Google Antitrust Case: Analyst Says 'Monster Win' For Both Mag 7 Stocks

1. A U.S. judge's ruling favored the ongoing search deal with Google. 2. Analysts maintained positive ratings for AAPL with increased price targets. 3. The ruling eliminates concerns regarding the revenue from the search deal. 4. Expectations for a larger AI partnership between Apple and Google are high. 5. Apple's stock rose 2.6% following the ruling.

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FAQ

Why Bullish?

The ruling alleviates investor worries and supports future earnings potential. Analysts' positive outlooks indicate strong confidence in AAPL's growth trajectory.

How important is it?

The ruling significantly affects AAPL's ongoing revenue streams from Google, enhancing market confidence. Any disruption in this partnership could have far-reaching financial implications.

Why Short Term?

The immediate effects of the ruling will influence AAPL's stock price quickly. Historical reactions show similar rulings have led to rapid stock movements.

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