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And recent events suggest to some investors that Apple could tap into another one that would put it in direct competition with another tech leader: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).

Apple's stock drops 2.1%, while Alphabet's plunge 5.7% Wednesday. The stocks declines follow revelations that Apple may be rethinking its long-standing partnership with Google. Rebound or breakdown?

Alphabet shares plummeted 7% Wednesday after an Apple executive reportedly said the iPhone maker is looking to add AI-powered ...