The article discusses Wedbush analyst Dan Ives’ bullish outlook on Alphabet’s stock price, driven by the company’s strong position in artificial intelligence (AI). Ives believes that Alphabet’s leadership in AI, particularly with its language model Bard and other AI initiatives, could propel the stock to $166 by 2024, representing a potential upside of over 40% from current levels. The analyst highlights Alphabet’s significant investments in AI, which he estimates to be around $10 billion annually. Ives sees AI as a key growth driver for Alphabet, with the potential to generate billions in revenue across various verticals like search, cloud, and advertising. The article also mentions the AI race between Alphabet, Microsoft, and other tech giants, and Ives’ view that Alphabet’s AI capabilities give it a competitive edge. Overall, the analyst remains bullish on Alphabet’s prospects, citing its AI prowess as a major catalyst for future growth and stock price appreciation.