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AP Photo/David Zalubowski, File; Getty Images; Chelsea Jia Feng/BI
Nvidia Joins the Dow Jones Industrial Average, Ousting Intel
In a significant shift within the stock market, Nvidia has been announced as a new member of the Dow Jones Industrial Average. This change was confirmed by S&P Dow Jones Indices on Friday and marks the end of Intel’s 25-year tenure in this prestigious index.
The Rise and Fall: Nvidia vs. Intel
This development comes on the heels of various challenges faced by Intel, a company with nearly sixty years of history in semiconductor manufacturing. While Nvidia’s market capitalization soared past $3 trillion this year, shares for Intel have plummeted by over 50% in 2024.
Market Reactions to Nvidia’s Inclusion
Following this announcement, Nvidia’s stock experienced a notable increase of 3% during after-hours trading sessions.
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