business
Wall Street’s Blue-Chip Index Just Cast Out Verizon for a Higher-Risk AI Growth Machine
Key takeaways
- Verizon's ~6% dividend yield and $21.5B free cash flow guidance make it the stronger pick for income investors battling 4% PCE inflation.
- Alphabet's $460B cloud backlog must convert fast enough to justify a 47% free cash flow drop caused by record AI spending.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut.
Wall Street’s Blue-Chip Index Just Cast Out Verizon for a Higher-Risk AI Growth Machine Alex Sirois Wed, July 1, 2026 at 12:17 AM GMT+7 3 min read VZ GOOG Quick Read Alphabet (GOOGL) doubled capex to $36B chasing AI scale while Verizon (VZ) posted its first positive Q1 postpaid phone net adds in over a decade.
Verizon's ~6% dividend yield and $21.5B free cash flow guidance make it the stronger pick for income investors battling 4% PCE inflation.
Alphabet's $460B cloud backlog must convert fast enough to justify a 47% free cash flow drop caused by record AI spending.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop