
Alphabet Joins the Dow, but AI Doubts Weigh on Shares
Alphabet’s Dow debut rose about 4%, yet the stock remains under pressure as investors question the payoff from its AI capex amid compute shortages, cheaper Chinese models, and DeepMind talent exits; buybacks were paused, and the company has raised over $140 billion in debt and equity to fund AI spending, with reports it lacks enough compute capacity and is turning to rivals like SpaceX for infrastructure.













