Alphabet ($GOOGL) is replacing Verizon ($VZ) in the Dow Jones Industrial Average, joining fellow "Magnificent 7" members Amazon ($AMZN), Apple ($AAPL), Microsoft ($MSFT), and Nvidia ($NVDA) in the index. The author notes a bullish sentiment, suggesting this inclusion may be why Berkshire Hathaway purchased $10 billion of Verizon ($VZ) stock at a price of $350.