Alphabet (NASDAQ:GOOGL) and Verizon (NYSE:VZ) just delivered Q1 2026 results that reveal why S&P Dow Jones Indices swapped the telecom giant out of the Dow for the search and cloud heavyweight. Alphabet is pouring cash into AI infrastructure at a historic scale. Verizon is leaning on a customer turnaround and a freshly integrated fiber footprint. ... Wall Street’s Blue-Chip Index Just Cast Out Verizon for a Higher-Risk AI Growth Machine