Nvidia ousts Intel from Dow Jones Index after 25-year run
On Friday, S&P Dow Jones Indices announced that AI chipmaker Nvidia will replace Intel in the Dow Jones Industrial Average, marking a seismic shift in the semiconductor industry and ending Intel’s 25-year run on the prestigious stock market index. The change takes effect on November 8. “The index changes were initiated to ensure a more representative exposure to the semiconductors industry,” wrote S&P in a press release. Intel’s stock has…