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NVIDIA Replaces Rival Chipmaker Intel on the Dow Jones Industrial Average
In 1896 the Dow Jones Industrial Average (or DJIA) was created as a kind of proxy indicator for the wider stock market. "A stock is typically added only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors," according to a sourc...
"A stock is typically added only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors," according to a source cited by Yahoo Finance. Intel said in a filing this week that the board's audit and finance committee approved cost and capital reduction activities, including lowering head count by 16,500 employees and reducing its real estate footprint. The DJIA will now include four of six tech companies worth $1 trillion — Apple, Microsoft, NVIDIA, and Amazon (which joined in February, replacing the owners of the Walgreens pharmacy chain).
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