NVIDIA took Intel’s place in one of the most important indexes of the American stock market
November 3, 2024
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In recent years, the balances in the chip manufacturing and semiconductor markets have changed rapidly. The rising star of this process was undoubtedly NVIDIA. NVIDIA now In the
In recent years, the balances in the chip manufacturing and semiconductor markets have changed rapidly. The rising star of this process was undoubtedly NVIDIA. NVIDIA now In the Dow Jones Industrial Average It replaced Intel. Intel joined this index, which includes 30 leading stocks on the stock market, 25 years ago.
IntelAlthough it was at the top of the chip market for a while, things haven’t been doing so well lately. The company that made bad administrative decisions owns ChatGPT Open AI He also turned down offers such as developing chips and investing in the company. The company’s shares have lost 54 percent of their value this year.
Intel’s decline continues
Finally on Friday Intel shares fell 1.6 percent NVIDIA shares rose 2.2 percent. A day ago, Intel was active in the computer and server market they are optimistic However “There are a lot of things they have to do.” he had stated. Currency and Markets Manager at Hargreaves Lansdown Susannah StraaterHe stated that losing its position on the list is another blow to Intel’s reputation and will cause the company to lose its self-confidence.
On the other hand Intel leave this list It may not just mean being removed from a list. In this case, Intel could also become less involved in ETFs (Exchange Traded Funds). This could cause the company’s shares to fall even further.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.