Nvidia Replaces Intel on Dow Jones Industrial Average
variety.comJack Dunn 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.
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