Starting next week, Google’s parent company Alphabet will be included in the Dow Jones stock index.
Beginning June 29, Alphabet ($GOOGL) will replace Verizon ($VZ) as part of the Dow Jones Industrial Average stock index. This is the first replacement in the Dow Jones since 2024, when Nvidia ($NVDA) and Sherwin-Williams ($SHW) replaced the Dow ($DOW) and Intel ($INTC).
S&P Global announced the change earlier todayexplains that the addition exposes the Dow Jones to “dynamic areas of the US economy” such as artificial intelligence, advertising and cloud infrastructure.
Alphabet’s diversified portfolio of technology and digital services includes advertising, cloud infrastructure, artificial intelligence, hardware, autonomous mobility, healthcare technology and media distribution. The addition of Alphabet will broaden and strengthen the DJIA’s exposure to these dynamic areas of the US economy. Its larger market capitalization and share price, along with the breadth of its businesses, make it the most represented Communications Services in the DJIA.
Nvidia, as mentioned, is already part of the Dow Jones, as are other big tech companies like Microsoft, Apple and Amazon.
CNBC $GOOGL notes more than 10% upside in 2026, although recent volatility following the following. the departure of some high-profile talentat the same time, Verizon accounted for just 0.5% of the index due to its undervalued share price as the index is weighted by price, indicating that the stock has replaced Alphabet. $GOOGL shares are trading at about 7x~ $VZ.
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