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Nvidia to Replace Intel in Dow Jones Industrial Average After 25 Years

Nov 1, 2024, 10:06 PM

Nvidia Corp. (NVDA) will replace Intel Corp. (INTC) in the Dow Jones Industrial Average on November 8, 2024, after Intel's 25-year tenure in the index since joining in 1999. The change, announced by S&P Dow Jones Indices, reflects Nvidia's rise amid the artificial intelligence boom and Intel's recent struggles. Nvidia shares have surged over 170% this year, while Intel's shares have declined by 54%. S&P Dow Jones Indices stated that the changes will 'ensure a more representative exposure to the semiconductors industry.'