Nvidia to join Dow Jones Industrial Average, replacing Intel
SMRTR summary
Nvidia is replacing Intel in the Dow Jones Industrial Average, reflecting AI's rise and semiconductor industry changes. Nvidia's market cap has reached $3.3 trillion, with shares up over 170% in 2024. Its revenue has doubled for five consecutive quarters due to AI chip demand. Intel has faced manufacturing issues and increased competition, with shares dropping by half this year. The change is effective November 8.
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