Alphabet joins Dow, Cerebras sinks 10% on margin warning

Alphabet will join the Dow Jones Industrial Average on June 29, kicking out Verizon. The move swaps a low‑priced telecom stock for a high‑priced, diversified tech giant, further shifting the 130‑year‑old price‑weighted index toward digital services and AI. Investors see the Dow’s exposure to tech climb.

Alphabet will join the Dow Jones Industrial Average on June 29, kicking out Verizon. The move swaps a low‑priced telecom stock for a high‑priced, diversified tech giant, further shifting the 130‑year‑old price‑weighted index toward digital services and AI. Investors see the Dow’s exposure to tech climb.

Revenue jumped 92% to $193.4 million in Q1, but the company warned core gross margins will fall to 36‑38% from 46.5% in Q4. That outlook knocked the share price 10% lower in extended trading, raising questions about profitability as AI chip rivals tighten competition.

When fuel spiked to $5 a gallon during the Iran conflict, Americans slashed mileage, bought more efficient cars and even switched to electric models. Those habits have lingered, meaning gasoline demand may stay below pre‑war levels and keep inflation pressure on the broader economy. The shift reshapes consumption patterns long after the war ends.

The Jobs.ch AI Report 2026, covering 7.3 million Swiss job ads, shows a 16% drop in junior openings and a 26% rise in senior roles since AI adoption. Companies are favoring experience for tasks that AI can automate, tightening entry‑level prospects and reshaping hiring strategies.

Walmart has signed a 15-year power purchase agreement with Constellation Energy to draw electricity from the Dresden Clean Energy Center. The deal secures about 176 MW of baseload nuclear power, signaling a rare move by a major U.S. retailer toward low-carbon, always-on energy and nudging the plant toward efficiency upgrades.

Investor exit requests hit 16.8% of Apollo Debt Solutions, about $2.4 billion, in Q2, prompting the firm to cap redemptions at 5% of shares. The move translates to roughly $700 million in gross outflows and underscores tightening liquidity across retail‑focused private credit funds.

LineShine, a 2.198‑exaflop machine at Shenzhen’s National Supercomputing Centre, surpassed the US’s El Capitan by about 20%, becoming the world’s fastest supercomputer. It runs solely on conventional CPUs, rejecting the GPU‑heavy designs that dominate AI‑focused systems, marking the first Chinese top‑rank since 2017 and underscoring a new paradigm in high‑performance computing.

Legal‑tech firm Legion filed a federal suit after the Commerce Department ordered Anthropic to disable its flagship Fable 5 model for foreign nationals. The company claims the move caused immediate, irreparable damage to its product pipeline and warns it could set a precedent for other AI firms. The case could force the government to reevaluate export‑control tactics for cutting‑edge AI.

After Trump signed two executive orders to fast‑track quantum tech, after‑hours trading saw Infleqtion jump 13%, Rigetti up 6%, D‑Wave +7% and IBM +4%. The moves underline how federal backing can instantly lift a fledgling sector, turning quantum from research talk into a marketable asset class. Investors now watch for a race to a 2028 research‑grade quantum computer.