10:16 AM EDT, 03/18/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) is making a "major bet" on the cyber security space to complement its cloud offering with its deal with cloud security platform Wiz, Wedbush Securities said in a note Tuesday.

On Tuesday, Google ( GOOG ) said it signed a definitive agreement to acquire Wiz for $32 billion in an all-cash deal that will see Wiz joining Google Cloud once the transaction closes.

"While this deal is expected to see further regulatory scrutiny across the board, we view this as a strategic move by Google ( GOOG ) to further bolster its cloud security offering and value proposition to enterprises as the company doubles down on its cloud and AI initiatives moving forward," Wedbush analysts, including Daniel Ives, said.

The analysts said they believe the deal would lead to a "massive wave of M&A" in the technology sector.

"In our view with Lina Khan gone at the [Federal Trade Commission]...the M&A engines are back underway in Big Tech after a dark period for tech M&A," the analysts said.

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