Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock gained 2.8% through 11:50 a.m. ET Friday after Raymond James analyst Aaron Kessler hiked his price target to $275 per share on the Google parent company (which he rates "outperform").

Image source: Alphabet.

Artificial intelligence company Anthropic announced yesterday it will use over 1 million specialized AI "Tensor Processing Units" from Google to provide more than one gigawatt of computing capacity for Anthropic's own Claude AI service. This news presumably got today's rally started, as it broke only after close of trading Thursday.

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Source Fool.com