2024

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<p class="has-drop-cap">In a significant reshuffling of the Dow Jones Industrial Average (DJI), Nvidia (NASDAQ: NVDA) is <a href="https://www.reuters.com/technology/nvidia-replace-intel-dow-jones-industrial-average-2024-11-01/" target="_blank" aria-label="set to replace (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">set to replace</a> Intel (NASDAQ: INTC) after a notable 25-year run on the index. This transition, announced by S&amp;P Dow Jones Indices, also sees Sherwin-Williams (NYSE: SHW) taking the place of Dow (NYSE: DOW).</p>
<p>The changes underscore a major shift in the <a href="https://tokenist.com/three-stocks-that-benefit-from-us-chip-restrictions-on-china/" rel="noopener noreferrer nofollow" class="deco-link">semiconductor market</a>, spotlighting Nvidia’s burgeoning influence in the industry today after a period of <a href="https://tokenist.com/nvda-meta-and-nlfx-are-trading-near-all-time-highs-where-do-they-go-from-here/" class="deco-link" rel="noopener noreferrer nofollow">massive, aggressive growth in its market cap and revenue</a>. Intel’s removal from the Dow comes amid a challenging period for the company, now seemingly a shell of what it once was.</p>
<p>At the time of writing (4:47 AM EST), Intel’s stock is trading down 2.76% over the <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="noopener noreferrer nofollow" class="deco-link">premarket trading session</a> while Nvidia’s stock has gained 2.50%.</p>
<h3 id="intel-out-of-dji-nvidia-to-replace-the-company-in-the-index">Intel Out of DJI, Nvidia to Replace the Company in the Index</h3>
<p>Once a leader in chip manufacturing, Intel has<a href="https://tokenist.com/a-quick-postmortem-of-intels-quarterly-results/" rel="noopener noreferrer nofollow" class="deco-link"> struggled to maintain its competitive edge</a>, losing ground to rivals like TSMC and missing the AI technology wave that has surged in recent years. With its shares plummeting by 54% this year, Intel has become the Dow’s worst performer. This downturn is compounded by a significant drop in revenue, with projections indicating the company may report its first annual net loss since 1986, a stark indicator of its ongoing struggles.</p>
<p>For Intel, the implications of being ousted from the Dow Jones are profound. Beyond the symbolic blow to its reputation, Intel faces tangible financial repercussions. <br><br>Intel’s exclusion from exchange-traded funds (ETFs) that track the index could exert further downward pressure on its stock price. As Intel navigates a painful transformation, it grapples with a loss of investor confidence, reflected in its deteriorating financial metrics and sharply declined market valuation.</p>
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<h3 id="nvidia-continues-to-grow-after-10-for-1-stock-split">Nvidia Continues to Grow After 10-for-1 Stock Split</h3>
<p>Conversely, Nvidia’s induction into the Dow Jones marks a significant milestone in its ascension as a tech powerhouse. Known for its leadership in AI technologies, Nvidia’s stock has become a critical indicator of the AI market’s health. The company’s <a href="https://tokenist.com/amd-vs-nvda-which-ai-stock-can-gain-more-in-the-short-term/" rel="noopener noreferrer nofollow" class="deco-link">recent 10-for-one stock split</a> has broadened its appeal to retail investors, further bolstering its visibility and market presence.</p>
<p>With a market valuation soaring to $3.32 trillion, Nvidia stands as the world’s second-most valuable company, underscoring its dominance in the semiconductor sector.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/nvidia-set-to-replace-intel-in-dow-jones-industrial-average-intc-down-50-in-2024/">Nvidia Set to Replace Intel in Dow Jones Industrial Average; INTC Down 50%+ in 2024</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Nvidia Set to Replace Intel in Dow Jones Industrial Average; INTC Down 50%+ in 2024

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