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Nvidia to take Intel's spot on Dow Jones Industrial Average

Economic Times

Economic Times · 10m ago

Nvidia to take Intel's spot on Dow Jones Industrial Average

Nvidia will replace Intel on the Dow Jones Industrial Average index, highlighting the shifting landscape of the chipmaking market and adding to Intel's struggles. Nvidia and paint-maker Sherwin-Williams will join the index next week. Intel, once a dominant force in chipmaking, has fallen behind rival TSMC and missed opportunities in artificial intelligence. Its shares have declined 54% this year. Losing its Dow Jones status could further impact Intel's reputation and share price. Meanwhile, Nvidia has become a key player in the semiconductor industry due to the essential role its chips play in powering AI technologies.

Related News

Intel's Dow status under threat as struggling chipmaker's shares plunge

Economic Times

Economic Times · 12m ago

Intel's Dow status under threat as struggling chipmaker's shares plunge

Intel's declining share price may result in its removal from the Dow Jones Industrial Average, a prestigious blue-chip index. Intel's shares have declined by nearly 60% this year, making it the worst performer on the index. The company's missed opportunities in areas like artificial intelligence and losses in the contract manufacturing unit have damaged its reputation. Intel recently suspended dividends and announced layoffs to fund a turnaround. Analysts suggest that Intel's removal from the Dow has been long overdue, and potential replacements could include Nvidia or Texas Instruments.

Nvidia ousts Intel from Dow Jones Index after 25-year run

Arstechnica

Arstechnica · 9m ago

Nvidia ousts Intel from Dow Jones Index after 25-year run

AI chipmaker Nvidia will replace Intel in the Dow Jones Industrial Average, reflecting the seismic shift in the semiconductor industry. Intel's stock has dropped 54% this year, making it the worst performer on the Dow, while Nvidia's market capitalization has soared to $3.32 trillion, making it the second most valuable company in the world. Intel has lost manufacturing leadership and reportedly missed opportunities in the growing market for AI processors, while Nvidia's GPUs power many AI systems, driving its stock price up over 100% this year.

Nvidia surpasses Apple as world's biggest company

Economic Times

Economic Times · 9m ago

Nvidia surpasses Apple as world's biggest company

Nvidia has surpassed Apple to become the world's most valuable company as the demand for artificial intelligence (AI) technologies continues to grow. Nvidia's market capitalization reached $3.43 trillion, surpassing Apple's $3.38 trillion. Tech giants like Google and OpenAI have heavily invested in Nvidia's AI technology, which is crucial for training advanced AI systems. The company's stock price has risen by over 850% since the end of 2022 when the launch of OpenAI's ChatGPT sparked an AI frenzy. On Friday, Nvidia will join the Dow Jones Industrial Average, further solidifying its position in the market.

Wall Street turns positive as Dow hits one-week high

Livemint

Livemint · 9m ago

Wall Street turns positive as Dow hits one-week high

Wall Street's main indexes experienced choppy trading before turning positive on Thursday. The Dow Jones Industrial Average reached a one-week high, fueled by a 5.2% surge in cloud company Salesforce's stock. Nvidia also saw an increase of 0.8% following its better-than-expected earnings release. However, Alphabet slumped 5.4% to a two-week low after the Justice Department demanded the sale of Google's Chrome browser to end its search monopoly. Amazon dropped by 2% as it faces a potential European Union investigation into its treatment of brand products on its online marketplace in 2020.

The rise and decline of Intel

Economic Times

Economic Times · 10m ago

The rise and decline of Intel

Intel CEO Pat Gelsinger took over a struggling company that had lost its edge in manufacturing and market share to rivals in the mobile phone and AI chip markets. Intel's history dates back to its introduction of the first commercially made programmable microprocessor in 1971. They later became a staple in the personal computing industry and were added to the Dow Jones Industrial Average. However, Intel missed out on opportunities in the mobile phone boom and faced legal disputes and antitrust scrutiny. They also struggled with manufacturing setbacks and increased competition. Under Gelsinger's leadership, Intel aims to transform into a producer of chips for other companies, investing billions in manufacturing facilities and cutting jobs to turn around their money-losing business.

Self-goal? Trump tariffs hit Wall Street - Apple shares 8.5% down, Amazon shares slump 7%

Business Today

Business Today · 4m ago

Self-goal? Trump tariffs hit Wall Street - Apple shares 8.5% down, Amazon shares slump 7%

Global markets have been negatively impacted by tariff increases, causing significant declines in major indices and stock values. The Dow Jones dropped 1,111.20 points, the S&P 500 fell by 188.27 points, and the Nasdaq Composite declined by 789.63 points. Major companies like Apple, Amazon, and Nvidia saw stock prices drop by 9%, 7%, and 3.5% respectively. Increased tariffs from China, Japan, South Korea, and Vietnam exacerbated retail stock declines, with concerns about economic risks further affecting investment banking revenues.

Struggling Intel names industry veteran Lip-Bu Tan as CEO

Economic Times

Economic Times · 5m ago

Struggling Intel names industry veteran Lip-Bu Tan as CEO

Intel has appointed industry veteran Lip-Bu Tan as the new CEO to steer the company through its struggles in the AI chip market. Tan, replacing the ousted Pat Gelsinger, emphasizes an engineering-focused approach to rebuild Intel's standing. Despite challenges from rivals like TSMC, Samsung, and Nvidia, Intel plans to take calculated risks to regain a competitive edge. The announcement has positively impacted Intel's shares, reflecting market optimism about Tan's leadership.

Meta climbs and Microsoft falls as Wall Street ticks higher

Economic Times

Economic Times · 7m ago

Meta climbs and Microsoft falls as Wall Street ticks higher

Stocks saw varied performance as profit reports influenced market activity. Meta Platforms rose on better-than-expected profits and AI investment plans, while Microsoft's weaker cloud-business growth led to a decline. The S&P 500 and Nasdaq remained positive with slight gains, whereas the Dow Jones saw a marginal dip. Major airline stocks fell due to an accident involving an American Airlines plane. Meanwhile, the Fed kept interest rates unchanged, signaling stable economic policy amid uncertain economic outlooks.

Chipmaker Intel soars on signs of PC market recovery

Economic Times

Economic Times · 1y ago

Chipmaker Intel soars on signs of PC market recovery

Intel's stock rose by almost 8% and boosted chip stocks following a positive forecast, indicating a rebound in the personal computer market. The chipmaker's market value was set to increase by nearly $11 billion. Other chip companies, such as Advanced Micro Devices, Nvidia, and Arm, also saw gains of 1.6% to 2.2%. Intel's upbeat outlook for Q4 revenue and margins, along with the signing of customers for its chip contract manufacturing business, contributed to the positive sentiment. The company aims to compete in chipmaking and secure foundry clients in the face of strong competition. Intel's stock has risen 23% this year, but lags behind competitors like AMD and Nvidia.

‘Black Monday 2.0’? Jim Cramer predicts 1987-style market crash looming, 'if the President doesn't try to reach out...'

Business Today

Business Today · 4m ago

‘Black Monday 2.0’? Jim Cramer predicts 1987-style market crash looming, 'if the President doesn't try to reach out...'

Jim Cramer, a market commentator, warns of a potential 1987-style market crash due to Trump's tariffs, suggesting diplomatic outreach to mitigate damage. He emphasizes the importance of rewarding countries that avoid retaliatory tariffs to prevent escalation. The ongoing tariffs impact global markets, with the S&P 500 dropping 6% and the Dow Jones experiencing significant declines. Cramer's concerns highlight the urgent need for strategic international engagement to stabilize economic conditions.

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