Alphabet Inc (NASDAQ:GOOG) will join the Dow Jones Industrial Average, replacing Verizon Communications Inc (NYSE:VZ, XETRA:BAC), in a reshuffle that further increases the index's exposure to large-cap technology companies. S&P Dow Jones Indices said the change will take effect prior to the opening of trading on June 29, 2026.
Alphabet shares GOOG rose 1.8% on Wednesday after S&P Dow Jones Indices announced that the Google parent will replace Verizon Communications in the Dow Jones Industrial Average (DJIA) ahead of the opening of trading on June 29. The move will also result in changes to the S&P 500, with Honeywell Aerospace set to replace Conagra Brands on the same date.
Google's YouTube has settled with a minor who claimed the platform caused mental health harms, ahead of the second California state-court trial over allegations the design of social media sites has fueled a mental health crisis among children, the plaintiff's attorneys said on Tuesday.
Markets are currently digesting massive first half gains. That said, several market indicators suggest that the volatility and selling will be temporary.
GOOGL benefits from surging AI infrastructure demand as Google Cloud tops $20B in quarterly revenues, and enterprise AI adoption drives a growing backlog.
Google is reportedly losing ground to other tech companies as consumers shift to non-AI search. That's according to a report Tuesday (June 23) from CNBC, which notes that while Google has so far disproved predictions that ChatGPT would mark its end, cracks have begun to appear in the tech giant's core business.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) has been one of the loudest AI winners of the past 12 months, but a sharp June pullback has reset the setup heading into the second half of 2026.
Alphabet (GOOGL) is finally due for a timely upgrade, as its AI-driven growth narrative has regained traction as it looks to take share from Nvidia. GOOGL's $85B secondary offering and Berkshire Hathaway's $10B stake reinforce its pivotal role in the multi-year AI infrastructure buildout. The market can take more AI spending. The company's expanding cloud and chip businesses, validated by partnerships like Anthropic, position it to capture AI inferencing market share. Nvidia needs to watch out.
In the closing of the recent trading day, Alphabet Inc. (GOOG) stood at $348.71, denoting a -5.1% move from the preceding trading day.
The latest trading day saw Alphabet (GOOGL) settling at $349.56, representing a -5.02% change from its previous close.
Google lost senior research scientist and Nobel Prize winner John Jumper, who announced late Friday he was exiting DeepMind AI lab for a role at Anthropic. That news came just days after another key executive Noam Shazeer, who served as co-lead of Google's flagship Gemini AI models, ditched the company for a role at OpenAI.
A new alliance has formed between a Hollywood studio and a tech juggernaut.