<div id="readability-page-1">CNBC’s MacKenzie Sigalos reports on the divergent market reaction after Apple’s developer conference, as Morgan Stanley raises its Apple price target while investors reward Alphabet’s role in the AI infrastructure stack.</div>

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<p>CNBC’s MacKenzie Sigalos reports on the divergent market reaction after Apple’s developer conference, as Morgan Stanley raises its Apple price target while investors reward Alphabet’s role in the AI infrastructure stack.</p>

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WWDC splits the Mag 7 trade: Apple pressured near term, Alphabet boosted by AI demand