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Nvidia to edge out Intel on Dow Jones Industrial Average

Lloyd LeeNov 2, 2024, 06:48 IST

Business Insider

AP Photo/David Zalubowski, File; Getty Images; Chelsea Jia Feng/BI

Nvidia 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.

The news follows a series of setbacks for Intel, the storied, nearly six-decade-old chipmaker. As Nvidia's stock market value surpassed $3 trillion this year, Intel shares fell by more than half in 2024.

Nvidia shares were up 3% in after-market trading.

This story is developing. Check back for more information.