Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel
Publishing timestamp: 2024-11-01 18:01:06
Summary
Nvidia is replacing Intel in the Dow Jones Industrial Average, reflecting the massive change in the semiconductor industry. Nvidia's shares have soared while Intel's have plummeted. The switch will take place on Nov. 8, and Sherwin Williams will also replace Dow Inc. in the index. Nvidia's success is attributed to the booming demand for its AI chips, with companies like Microsoft, Meta, Google, and Amazon purchasing them in large quantities. On the other hand, Intel has been struggling with market share loss and manufacturing challenges.
Sentiment: POSITIVE
Tickers: .DJI, MSFT, INTC, WBA, AMD, META, DOW, GOOGL, NVDA, AMZN, SHW, AAPL,
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Source: https://www.cnbc.com/2024/11/01/nvidia-to-join-dow-jones-industrial-average-replacing-intel.html