Starting next week, Google’s parent company Alphabet will be added to the Dow Jones stock index.
Starting June 29, Alphabet ($GOOGL) will replace Verizon ($VZ) as part of the Dow Jones Industrial Average stock index. It is the first replacement in the Dow Jones since 2024, when Nvidia ($NVDA) and Sherwin-Williams ($SHW) replaced Dow ($DOW) and Intel ($INTC).
S&P Global announced the change todayexplaining that the addition exposes the Dow Jones index to “dynamic areas of the American economy” such as artificial intelligence, advertising and cloud infrastructure.
Alphabet’s diversified portfolio of digital technology and services spans advertising, cloud infrastructure, artificial intelligence, hardware, autonomous mobility, healthcare technology and media distribution. The addition of Alphabet will broaden and strengthen DJIA’s exposure to these dynamic areas of the U.S. economy. Its greater market capitalization and share price, together with the breadth of its businesses, make it a more representative Communication Services component in the DJIA.
Nvidia, as mentioned, is already part of Dow Jones, as are other major technology companies such as Microsoft, Apple and Amazon.
CNBC notes that $GOOGL is up more than 10% in 2026, although it has been volatile recently after some high profile talent departureswhile noting that Verizon, the stock that Alphabet replaces, represented only 0.5% of the index due to its low share price since the index is price-weighted. $GOOGL stock is trading at approximately 7 times ~ the value of $VZ.
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