Dow to Add Alphabet, Drop Verizon as AI Infrastructure Play Gains Blue-Chip Status

US30-0.20%
According to Mark Malek, chief investment officer at Siebert, the Dow Jones Industrial Average announced on Thursday that it will add Alphabet and remove Verizon from the index. Malek noted that Alphabet's inclusion reflects its transformation from a search company into an AI infrastructure company, describing the move as "a blue-chip endorsement of that transformation."
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