Pivotal analysts just dropped an interesting take: they're betting Gemini's momentum could push Alphabet stock all the way to $400. But here's the twist—they think this surge might actually force a certain AI lab to slash its spending plans.

The logic? If Gemini keeps gaining traction, it shifts the competitive landscape. Suddenly, those massive capital expenditure commitments start looking less justified. We're watching a real-time chess match where one player's breakthrough could force the opponent to rethink their entire strategy.

What's wild is how quickly market dynamics can flip. One quarter of strong product performance, and suddenly the whole industry's playbook gets rewritten. Whether Alphabet hits that $400 mark or not, the pressure on rivals is very real.