The Fort Worth Press - Nvidia to join Dow Jones Industrial Average, replacing Intel

USD -
AED 3.673042
AFN 67.000368
ALL 90.550403
AMD 387.170403
ANG 1.802562
AOA 911.503981
ARS 986.022975
AUD 1.524855
AWG 1.8025
AZN 1.70397
BAM 1.799868
BBD 2.01951
BDT 119.519602
BGN 1.803659
BHD 0.376916
BIF 2897
BMD 1
BND 1.324161
BOB 6.936315
BRL 5.869904
BSD 1.000184
BTN 84.120338
BWP 13.371066
BYN 3.273087
BYR 19600
BZD 2.016087
CAD 1.39755
CDF 2887.50392
CHF 0.863851
CLF 0.034832
CLP 961.120396
CNY 7.122704
CNH 7.119295
COP 4426.48
CRC 512.884226
CUC 1
CUP 26.5
CVE 101.950394
CZK 23.388504
DJF 177.720393
DKK 6.884304
DOP 60.410393
DZD 132.663695
EGP 48.721224
ERN 15
ETB 121.050392
EUR 0.91905
FJD 2.27504
FKP 0.765169
GBP 0.773575
GEL 2.73504
GGP 0.765169
GHS 16.35039
GIP 0.765169
GMD 71.503851
GNF 8631.000355
GTQ 7.727632
GYD 209.157003
HKD 7.77855
HNL 25.050388
HRK 6.88903
HTG 131.620361
HUF 376.903831
IDR 15849
ILS 3.752525
IMP 0.765169
INR 84.13385
IQD 1310
IRR 42092.503816
ISK 137.450386
JEP 0.765169
JMD 158.535295
JOD 0.709104
JPY 153.02504
KES 129.000351
KGS 85.803799
KHR 4080.00035
KMF 453.850384
KPW 899.999774
KRW 1380.340383
KWD 0.30661
KYD 0.833487
KZT 489.135937
LAK 21925.000349
LBP 89615.643344
LKR 292.992224
LRD 191.950382
LSL 17.620381
LTL 2.95274
LVL 0.60489
LYD 4.820381
MAD 9.65038
MDL 17.902893
MGA 4615.000347
MKD 56.532191
MMK 3247.960992
MNT 3398.000028
MOP 8.012056
MRU 40.015039
MUR 45.860378
MVR 15.410378
MWK 1735.000345
MXN 20.282704
MYR 4.378504
MZN 63.910377
NAD 17.620377
NGN 1647.503725
NIO 36.750377
NOK 10.99246
NPR 134.587954
NZD 1.676727
OMR 0.383348
PAB 1.000267
PEN 3.774504
PGK 3.90775
PHP 58.365038
PKR 277.503701
PLN 4.026743
PYG 7901.457251
QAR 3.640504
RON 4.590404
RSD 108.031038
RUB 97.582135
RWF 1363
SAR 3.756336
SBD 8.319934
SCR 14.120372
SDG 601.503676
SEK 10.600645
SGD 1.326104
SHP 0.765169
SLE 22.750371
SLL 20969.496802
SOS 571.000338
SRD 34.615038
STD 20697.981008
SVC 8.750869
SYP 2512.530268
SZL 17.620369
THB 33.903649
TJS 10.631873
TMT 3.5
TND 3.094038
TOP 2.342104
TRY 34.326404
TTD 6.779864
TWD 31.937804
TZS 2695.000335
UAH 41.336603
UGX 3661.76315
UYU 41.421452
UZS 12825.000334
VEF 3622552.534434
VES 42.803201
VND 25300
VUV 118.722039
WST 2.801184
XAF 603.656225
XAG 0.029645
XAU 0.000367
XCD 2.70255
XDR 0.75176
XOF 602.503595
XPF 110.575037
YER 250.350363
ZAR 17.650245
ZMK 9001.203587
ZMW 26.82956
ZWL 321.999592
  • RBGPF

    -1.4000

    59.6

    -2.35%

  • RIO

    0.4400

    65.33

    +0.67%

  • VOD

    0.0800

    9.35

    +0.86%

  • NGG

    0.6700

    64.26

    +1.04%

  • SCS

    0.1100

    12.14

    +0.91%

  • RELX

    0.8600

    47.08

    +1.83%

  • CMSD

    0.1500

    24.81

    +0.6%

  • BCC

    1.1800

    134.21

    +0.88%

  • CMSC

    -0.0200

    24.53

    -0.08%

  • RYCEF

    0.2200

    7.08

    +3.11%

  • JRI

    -0.0300

    13.05

    -0.23%

  • BTI

    0.0900

    35.07

    +0.26%

  • AZN

    0.2700

    71.42

    +0.38%

  • GSK

    0.1200

    36.88

    +0.33%

  • BCE

    -0.1600

    32.1

    -0.5%

  • BP

    -0.1300

    29.23

    -0.44%

Nvidia to join Dow Jones Industrial Average, replacing Intel
Nvidia to join Dow Jones Industrial Average, replacing Intel / Photo: © AFP

Nvidia to join Dow Jones Industrial Average, replacing Intel

Chip giant Nvidia will join the Dow Jones Industrial Average, the iconic Wall Street index announced Friday, underscoring the importance of artificial intelligence in the US economy.

Text size:

The addition of Nvidia, which will take effect on November 8, also marks a historic moment for the semiconductor industry, as the AI chip leader replaces struggling rival Intel, which has been on the Dow index since 1999.

S&P Dow Jones Indices, the company that runs the index, also said it would add paint manufacturer Sherwin-Williams, replacing chemical giant Dow.

Shares of Nvidia have climbed over 180 percent this year as tech giants clamor for its powerful and high cost processors that power generative AI, the technology that is widely seen as the next phase of innovation.

Intel, one of Silicon Valley's most iconic companies, has seen its shares fall 50 percent so far this year as the company struggles to meet the AI boom.

The Dow Jones Industrial Average, created by Charles Dow in 1896, is often used as a bellwether for the state of the US stock market, the biggest in the world.

Unlike the S&P500 that weighs companies by market capitalization, the 30-stock Dow is price-weighted, meaning higher-priced stocks have more influence on its movements.

Tech companies Apple, Microsoft, IBM, Salesforce and Cisco Systems are currently in the index, while Google, Amazon and Meta are not.

The components of the DJIA are selected by a committee, and they tend to favor companies that represent a wide swathe of industries and are well-established.

This has historically excluded many tech giants, despite their size and influence.

With their high values, including too many tech companies would also drown out the influence of the other sectors represented in the index.

D.Johnson--TFWP