As we were saying, Intel has been removed from the Dow Jones Industrial Average after 25 years of being part of it, in the latest of a series of setbacks for the chip manufacturer that was recently speculated to be acquired by Qualcomm. Nvidia will take Intel’s place and join the list just a few weeks after reaching a market capitalization of 3 trillion dollars for the second time in 2024, currently ranking behind Apple as the second most valuable company in the world. Intel’s shares have lost 51% in 2024 up to the […]
As we mentioned, Intel has been removed from the Dow Jones Industrial Average index after 25 years of presence, in the latest of a series of setbacks for the chip manufacturer that until recently was speculated to be acquired by Qualcomm.
Nvidia will take Intel’s place and join the list just a few weeks after reaching a market capitalization of 3 trillion dollars for the second time in 2024, currently ranking behind Apple as the second most valuable company in the world.
Intel’s shares have lost 51% in 2024 to date, making them the worst-performing in the entire Dow Jones index. Its market capitalization is slightly below 99 billion dollars.
What does leaving the index mean for Intel?
S&P Dow Jones Indices has confirmed that Nvidia, along with the paint manufacturing company Sherwin-Williams, will be added to the index. Sherwin-Williams will replace Down Inc.
Intel’s exit from the index and Nvidia’s inclusion highlight the company’s growing market dominance, driven by a significant increase in interest in artificial intelligence chips.
The price of Nvidia’s shares has gone from about 14 dollars in November 2022 to 135.37 dollars currently.
Intel, which was once one of the main players in the chip market, lost many of the early AI opportunities, which gave Nvidia room to dominate a section of the market that supplies the hyperscalers powering many of the AI servers we rely on.
In August 2024, Intel laid off 15,000 workers, 15% of its workforce, due to high costs and low margins, and its CEO, Pat Gelsinger, aimed to save 10 billion dollars by 2025. All these efforts have not been enough to keep the company competitive in the market, and it seems to be on a downward slope.
Author: Chema Carvajal Sarabia
{
"de-DE": "Journalist, spezialisiert auf Technologie, Unterhaltung und Videospiele. Über das zu schreiben, was mich begeistert (Gadgets, Spiele und Filme), ermöglicht es mir, bei Verstand zu bleiben und mit einem Lächeln im Gesicht aufzuwachen, wenn der Wecker klingelt. PS: Das stimmt nicht 100% der Zeit.",
"en-US": "Journalist specialized in technology, entertainment and video games. Writing about what I'm passionate about (gadgets, games and movies) allows me to stay sane and wake up with a smile on my face when the alarm clock goes off. PS: this is not true 100% of the time.",
"es-ES": "Content Manager - Periodista especializado en tecnología, entretenimiento y videojuegos. Escribir sobre lo que me apasiona (cacharros, juegos y cine) me permite seguir cuerdo y despertarme con una sonrisa cuando suena el despertador. PD: esto no es cierto el 100 % de las veces.",
"fr-FR": "Journaliste spécialisé dans la technologie, le divertissement et les jeux vidéo. Écrire sur ce qui me passionne (gadgets, jeux et films) me permet de rester sain d'esprit et de me réveiller avec le sourire aux lèvres quand le réveil sonne. PS : cela n'est pas vrai 100 % du temps.",
"it-IT": "Giornalista specializzato in tecnologia, intrattenimento e videogiochi. Scrivere di ciò che mi appassiona (gadget, giochi e film) mi permette di mantenere la sanità mentale e di svegliarmi con un sorriso sul viso quando suona la sveglia. PS: questo non è vero al 100% del tempo.",
"ja-JP": "",
"nl-NL": "",
"pl-PL": "",
"pt-BR": "Jornalista especializado em tecnologia, entretenimento e videogames. Escrever sobre o que me apaixona (gadgets, jogos e filmes) me permite manter a sanidade e acordar com um sorriso no rosto quando o despertador toca. PS: isso não é verdade 100% do tempo.",
"social": {
"email": "chemacs91@gmail.com",
"facebook": "",
"twitter": "https://twitter.com/chematopetazo",
"linkedin": ""
}
}
View all posts by Chema Carvajal Sarabia
