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Nvidia to replace Intel in Dow Jones Industrial Average

Intel will lose its spot in the Dow Jones Industrial Average after a 25-year run to Nvidia , S&P Dow Jones Indices said on Friday, the latest blow to the struggling chipmaker that was among the first two technology firms to be included in the blue-chip index. Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI. Intel's shares have declined 54% this year, making it the worst performer on the index and leaving it with the lowest stock price on the price-weighted Dow.

A person walks pass a Nvidia logo at Computex in Taipei ·ReutersFri, Nov 1, 2024, 2:26 PM1 min read Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI. Intel's shares have declined 54% this year, making it the worst performer on the index and leaving it with the lowest stock price on the price-weighted Dow.

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