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Speculation is mounting that Alphabet, Google’s (GOOGL) parent company, is rekindling talks to acquire cybersecurity powerhouse Wiz, a move that could supercharge its cloud security offerings. While no deal has been finalized, the buzz is electrifying Wall Street, with traders poised for a potential breakout in Alphabet’s stock.

The rumored acquisition, reportedly valued north of $30 billion, follows a failed $23 billion bid last summer when Wiz opted for independence over a Google tie-up. Sources suggest negotiations have gained momentum in recent weeks, spurred by Alphabet’s aggressive push to close the gap with cloud rivals Amazon and Microsoft. Wiz, a fast-growing Israeli startup founded in 2020, has dazzled the industry with its cloud-native security tools, boasting over $500 million in annual recurring revenue and a client roster featuring 45% of Fortune 100 companies.

The chatter comes at a pivotal moment. Alphabet’s Google Cloud, though a distant third in the cloud computing race, is betting big on AI and security to lure enterprise clients. A Wiz deal could deliver a knockout punch, enhancing Google’s defenses against escalating cyber threats while capitalizing on the multicloud trend. Investors, however, remain cautious—Alphabet shares dipped 2% this week amid broader tech sector turbulence, though some analysts see the dip as a buying opportunity if the deal materializes.

Whispers of regulatory hurdles linger, with the FTC likely to scrutinize any agreement under the Trump administration’s watchful eye. Still, the prospect of Alphabet fortifying its cloud arsenal has the market abuzz, with insiders hinting an announcement could drop as early as next week. For now, all eyes are on Alphabet as it plots its next move in the high-stakes tech chess game.

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