CosmicTaco

Nvidia Replaces Intel in Dow Jones Shakeup

CosmicTaco · 2024-11-05T07:02:47.894237+05:30

- Nvidia is set to join the Dow Jones Industrial Average on Nov. 8, replacing Intel. - Intel's stock price has plummeted, making it the least significant member of the Dow. - Nvidia's recent 10-for-1 stock split positioned it well for inclusion. - The tech industry's weighting in the Dow will increase to about 19.5%. - Sherwin-Williams will also join the index, replacing Dow Inc. Source: [Cnbc](https://www.cnbc.com/2024/11/04/the-dow-needs-nvidia-because-intel-plunge-made-semis-underrepresented.html), [Benzinga](https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/11/41724410/nvidia-joining-dow-jones-industrial-average-where-tech-giant-ranks-in-the-index-why-sh)

Nvidia is set to join the Dow Jones Industrial Average on Nov. 8, replacing Intel.
Intel's stock price has plummeted, making it the least significant member of the Dow.
Nvidia's recent 10-for-1 stock split positioned it well for inclusion.
The tech industry's weighting in the Dow will increase to about 19.5%.
Sherwin-Williams will also join the index, replacing Dow Inc.

Source: Cnbc, Benzinga