S&P Global<\/a> said the Google<\/a> parent’s A shares \u2014 which trade under the ticker GOOGL \u2014 would take the spot in the 30-stock index ahead of the start of Monday’s trading. Shares of the online search giant rose about 1% after the bell on Tuesday following the announcement.<\/p>\n The California-based company will join mega-cap tech peers<\/a> Nvidia<\/a>, Amazon<\/a>, Apple<\/a> and Microsoft<\/a> in the blue-chip index. S&P Global said Alphabet’s inclusion would bolster the Dow’s exposure to themes like artificial intelligence, cloud infrastructure and advertising. <\/p>\n Alphabet has been spending heavily<\/a> on AI, including raising $141 billion in debt and equity since October. The company has been trying to prove that its vertically integrated AI stack can generate returns.<\/p>\n But investors have grown weary recently, with Alphabet on Monday closing its worst day on the stock market<\/a> in more than a year. The stock underperformed both the Nasdaq and the other tech mega-caps in the session.<\/p>\n Stock Chart IconStock chart icon Google A shares, 1-year<\/p>\n Before the Alphabet selloff, the company came off<\/a> highs from the spring time, when Google had its best month on Wall Street since 2004. That came after Alphabet reported better-than-expected results, driven by soaring cloud revenue.<\/p>\n Despite recent volatility, Alphabet’s A shares are up more than 10% in 2026. The stock is on track for its fourth straight winning year and seventh positive year of the last eight.<\/p>\n Verizon had represented just around one-half of a percentage point in the index because of its low share price, S&P Global said. The Dow is a price-weighted index, meaning that each member stock is weighted based on its share price. As a result, a company with a higher price per share will have more sway over the index.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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