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Citi Reiterates Buy on Alphabet as Apple Intelligence Adopts Gemini Model
13 Jan 2026 14:28
Apple (AAPL.US) and Google (GOOGL.US) have reached a multi-year AI cooperation agreement, under which Apple's intelligent platform, Apple Intelligence (including Siri), and its foundational models will adopt Google's AI technology, according to a Citi research report.

From Citi's perspective, the powerful capabilities of the flagship Gemini model, growing computational infrastructure, and hardware technology advantages highlight Google's leading position in the core AI field.

Considering Google as one of its top picks in the internet sector, Citi reiterated a Buy rating on Alphabet(GOOGL.US), with a target price of USD350.
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