What To Watch
Nvidia Replaces Intel on Dow Jones Industrial Average
Nvidia will replace Intel on the Dow Jones Industrial Average, in a move that underscores the growing influence of Gen AI and advanced computing.
The Santa Clara-headquartered tech giant has increased its stock price seven-fold in the past two years through its leadership in artificial intelligence technology, including with development of its Blackwell GPU architecture — what founder and CEO Jensen Huang described as “a processor for the generative AI era” when it was introduced in March at its Silicon Valley GTC AI conference.
Reflecting the company’s influence in media & entertainment, last week Huang accepted a Lifetime Achievement Award during the 76th Engineering, Science & Technology Emmy Awards. During his recorded acceptance speech, Huang asserted that AI is “fundamentally reshaping computing and will transform how stories are told, produced and experienced.”
Intel spent 25 years on the Dow but more recently has struggled, with shares having plummeted 54% during 2024. Founded in 1968, it quickly become a pillar of the Silicon Valley tech community through its development of memory cards before switching to processors at the boom of the personal computer craze.
Nvidia was founded in 1993. After its defunct NV1 graphics accelerator and failing to deliver on a deal with video game publisher Sega, the company was ready to go under by 1996. However, after the release of its RIVA 128, the company soared back to success, selling over 1 million units in roughly four months and quickly solidifying itself as a staple as a leader in computer graphics.
Also joining the Dow Industrial Average in the latest round of swaps, which will go into effect before the start of trading on Nov. 8, is paint manufacturer Sherwin-Williams. It was also announced that retail electricity and power generation company Vistra would join the Dow Jones Utility Average.
-
Tech4 weeks ago
NYT Connections today — hints and answers for Tuesday, October 8 (game #485)
-
Tech4 weeks ago
Microsoft Office 2021 for Windows is on sale for £30.46
-
Tech4 weeks ago
Apple Watch GPS vs Cellular: Key differences explained
-
Games4 weeks ago
Monopoly GO: Cave Of Riches Rewards And Milestones
-
What To Watch4 weeks ago
2025 Oscars Best Film Editing Predictions
-
Games4 weeks ago
Diablo 4 Reveals Spiritborn Unique Items
-
Tech4 weeks ago
iPhone 16 Pro vs iPhone 15 Pro: which Pro is best for you?
-
What To Watch4 weeks ago
Jafar Panahi Honored as ‘Stranger Eyes’ Opens Singapore Film Festival