Get the latest tech news

Nvidia to join Dow Jones Industrial Average, replacing Intel

- Nvidia is replacing Intel on the Dow Jones Industrial Average, a shakeup to the blue-chip index that replaces a flagging semiconductor company with the primary vendor of GPUs for AI. Nvidia is replacing Intel on the Dow Jones Industrial Average, a shakeup to the blue-chip index that replaces a flagging semiconductor company with the primary vendor of GPUs for AI.

The fast rise of Nvidia on the back of its data center AI processors has led it to be one of only a handful of companies with a market cap over $3 trillion, alongside Microsoft and Apple, both of which are already included in the DJIA. On the other hand, Intel shares have fallen 51% so far this year as the company struggles with manufacturing challenges, new competition for its central processors, and the impression that it has missed out on the AI trend. While doing nothing to its market cap, the move slashed the price of each share by 90%, allowing it to become a part of the Dow without having too heavy a weighting.

Get the Android app