Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry

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It added that because the Dow is price-weighted, “persistently lower priced stocks have a minimal impact.” Dow Inc., a major producer of chemicals and plastics and unrelated to the similarly named company behind the index, has also been the smallest company on the Dow in terms of market capitalization.

In another index, the Dow Jones Utility Average, Texas-based energy company Vistra will replace Virginia-based AES Corp. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industryNvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems. Paint-maker Sherwin-Williams will also replace chemical company Dow Inc.
Source: AP - 🏆 728. / 51 Read more »

Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industryNvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.
Source: wjxt4 - 🏆 246. / 63 Read more »