According to a report from The Wall Street Journal, Nvidia is expected to replace Intel in the Dow Jones Industrial Average, one of the most prestigious stock market indexes, by 2024. This move reflects the growing importance of artificial intelligence (AI) and the declining relevance of traditional chipmakers like Intel. Nvidia’s graphics processing units (GPUs) have become essential for powering AI systems, giving the company a significant advantage in the rapidly expanding AI market. Intel, on the other hand, has struggled to keep up with the shift towards AI and has faced challenges in its core business of producing central processing units (CPUs) for personal computers and servers. The inclusion of Nvidia in the Dow Jones Industrial Average would be a symbolic recognition of the tech industry’s transition towards AI and the increasing dominance of companies that are at the forefront of this transformative technology. It would also underscore the changing landscape of the semiconductor industry, where companies like Nvidia are thriving while traditional players like Intel are grappling with disruption.
Source: https://www.businessinsider.com/nvidia-replace-intel-dow-jones-industrial-average-2024-11