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

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Nvidia 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.

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It added that because the Dow is price-weighted, “persistently lower priced stocks have a minimal impact.”

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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 »