Alphabet to Join Dow Jones Industrial Average on June 29, Replacing Verizon

Corporate ActionEarnings Impact 4
โดย Barchart·Read original
Summary · why it matters

Alphabet will be added to the Dow Jones Industrial Average on June 29, replacing Verizon. The Google parent company's inclusion in the blue-chip index comes as its shares recently suffered their worst day in a year, triggered by the departure of two key AI researchers—Noam Shazeer to OpenAI and John Jumper to Anthropic. Alphabet reported first-quarter 2026 revenue of $109.9 billion, up 22% year-over-year, with cloud revenue surging 63% to $20 billion and earnings per share of $5.11, beating estimates. The company also raised its quarterly dividend to $0.22 per share and projected capital expenditures of $180 to $190 billion for the year. Analysts rate the stock a Strong Buy with a mean target price of $433.63, implying about 25.6% upside.

Impact on stocks 4

Artificial Intelligence▲ · 3 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalTechnologyrelevance

Alphabet will be added to the Dow Jones Industrial Average, a positive index inclusion event.

Cloud & Digital Infrastructure▼ · 1 stocks
Verizon Communications Inc
VZ
▼ NegativeCapitalrelevance

Verizon is being replaced in the Dow Jones Industrial Average by Alphabet, a negative index removal event.

Theme Impact 2

Off-coverage companies 2

AnthropicPrivate± Mixed
relevance

OpenAIPrivate± Mixed
relevance

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