Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday.
AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years.
AdvertisementThe Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy.
Since 1999, Intel has held its position on the DJIA to reflect the state of the larger semiconductor industry.
AdvertisementNow, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.
Persons:
Dow, —, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives
Organizations:
Nvidia, Intel, Dow Jones, Service, Walt Disney Co, Amazon Web Services, Corporate Finance Institute
Locations:
Amazon, Silicon Valley, Susquehanna