Top 100 Coins
Trending Cryptos
Performance
Recently Listed
Gainers
All Categories
All Time High
Blockchains
Global Market Data
Ecosystems
Research
Rewards
Heatmaps
Drop Hunting
Alerts
Converter
Widgets
Market Data API
Futures and Options
Affiliate Program
Nivida (NVDA) Boots Intel (INTC) From Dow Jones Index After 25 Years
Share:
In a massive Wall Street development, chipmaker Nvidia (NVDA) has officially booted Intel (INTC) from the Dow Jones Index after a 25-year run. Indeed, the chipmaker has surged more than 175% in 2024. That has culminated in it replacing the tech company that has struggled mightily to find its footing in an ever-changing market.
The news pushed Intel down, with INTC dropping 4% on Monday. Alternatively, it only boosted the strong position of NVDA, as the stock has increased almost 2%. The move is representative of the trajectory of both companies are facing currently
Also Read: Nvidia: Can NVDA hit $200 Before 2025?
Intel Gets Kicked From Dow Jones Index: Nvidia Rides 2024 Hype to Replace It
The second half of the year has been a tough one for Intel (INTC). The company has struggled to rebound from an underwhelming Q2 earnings report. A big part of its troubles has derived from increased competition in the white-hot AI sector. In recent weeks, the stock has plummeted as much as 65%.
Alternatively, Nvidia has been a different story. The company has thrived, surging to its $137 price point, and eyeing continued gains through the end of the year. Moreover, the company is currently looking to be the first to reach a $4 trillion market cap. It has already surpassed Apple (APPL) to be the most valuable company on the planet.
Also Read: Intel: INTC Q3 Report Projecting Net Loss of Over $950M
That shift has ultimately led Nvidia to boot Intel from the Dow Jones Index, the indices announced. Indeed, the chipmaker has ousted INTC after a 25-year sting on the industrial average. The move is massive, as it showcases a gargantuan shift for the stock market index, and investor demands.
“The index changes were initiated to ensure a more representative exposure to he semiconductors industry,” the S&P wrote in a press release. The questions will now target Intel’s ability to weather the storm.
Down 54% this year, it has very little reason to be optimistic. Still, some experts are not ruling outa 20% boost and return to form for the stock. In recent years, it has shown a propensity to be volatile and eventually finds its way back to respectability.
In This News
Coins
Funds
Share:
In This News
Coins
Funds
Share:
Read More
Zcash Dodges a 34% Crash as Dip Buyers Step In — Clean Save or Temporary Pause?
CME FedWatch Signals 95% Odds Rates Hold Steady in January
Nivida (NVDA) Boots Intel (INTC) From Dow Jones Index After 25 Years
Share:
In a massive Wall Street development, chipmaker Nvidia (NVDA) has officially booted Intel (INTC) from the Dow Jones Index after a 25-year run. Indeed, the chipmaker has surged more than 175% in 2024. That has culminated in it replacing the tech company that has struggled mightily to find its footing in an ever-changing market.
The news pushed Intel down, with INTC dropping 4% on Monday. Alternatively, it only boosted the strong position of NVDA, as the stock has increased almost 2%. The move is representative of the trajectory of both companies are facing currently
Also Read: Nvidia: Can NVDA hit $200 Before 2025?
Intel Gets Kicked From Dow Jones Index: Nvidia Rides 2024 Hype to Replace It
The second half of the year has been a tough one for Intel (INTC). The company has struggled to rebound from an underwhelming Q2 earnings report. A big part of its troubles has derived from increased competition in the white-hot AI sector. In recent weeks, the stock has plummeted as much as 65%.
Alternatively, Nvidia has been a different story. The company has thrived, surging to its $137 price point, and eyeing continued gains through the end of the year. Moreover, the company is currently looking to be the first to reach a $4 trillion market cap. It has already surpassed Apple (APPL) to be the most valuable company on the planet.
Also Read: Intel: INTC Q3 Report Projecting Net Loss of Over $950M
That shift has ultimately led Nvidia to boot Intel from the Dow Jones Index, the indices announced. Indeed, the chipmaker has ousted INTC after a 25-year sting on the industrial average. The move is massive, as it showcases a gargantuan shift for the stock market index, and investor demands.
“The index changes were initiated to ensure a more representative exposure to he semiconductors industry,” the S&P wrote in a press release. The questions will now target Intel’s ability to weather the storm.
Down 54% this year, it has very little reason to be optimistic. Still, some experts are not ruling outa 20% boost and return to form for the stock. In recent years, it has shown a propensity to be volatile and eventually finds its way back to respectability.
In This News
Coins
Funds
Share:
In This News
Coins
Funds
Share:
Read More
Zcash Dodges a 34% Crash as Dip Buyers Step In — Clean Save or Temporary Pause?