Nvidia to replace Intel in Dow Jones Industrial Average — Intel's 25-year reign has come to an end
Nvidia will replace Intel on the Dow Jones Industrial Average, indicating the massive impact of the AI boom on the semiconductor and tech industries and the entire market. According toCNBC, this change will happen on November 8, about three months after news of Intel’s financial woes broke out. The move wassparked byIntel’s massive stock price drop—over 30% overnight—following the disastrous financial results released last August. The company has beenbleeding cashthrough its data center and foundry divisions, resulting in a $1....