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00:02Alphabet shares traded lower in Friday's pre-market session as investors pulled back
00:07from large-cap technology stocks. CNBC reported that more Google AI researchers planned to leave
00:13for rivals, including Anthropic and OpenAI. At least five researchers from Google's core AI
00:19team reportedly left for rival labs over seven days, raising concerns about Google's ability
00:24to retain top AI talent as competitors offer the potential upside of pre-IPO equity.
00:30The decline came ahead of Alphabet's addition to the Dow Jones Industrial Average before
00:34the open on Monday, June 29th. Alphabet will replace Verizon, giving the index more exposure
00:40to mega-cap technology stocks and the AI trade. GOOGL shares were down 0.70% at $341.30,
00:49while GOOG shares fell 0.77% to $339.56, according to Benzinga Pro.
00:56For all things money, visit Benzinga.com.
01:00For all things money, visit Benzinga.com.
