Wedbush removes Alphabet from "best investment list"

Despite investment bank Wedbush removing Google's parent company Alphabet from its "Best Investment List," the stock still rose by 3.4% in early Monday morning trading on the US East Coast. Wedbush stated that the reason for removing Alphabet from the "Best Investment List" was due to uncertainty surrounding the impact of artificial intelligence on its business model. Analysts remain confident in Alphabet's long-term prospects but also acknowledge that its stock price may experience volatility.