Intel Stock News

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.

Intel reported a revenue beat but a huge EPS miss due to restructuring and impairment charges. The company mentioned a key partnership with Amazon Web Services for next generation CPUs on built on Intel 3 and an "AI fabric chip" built on Intel 18A. While challenges and risks remain, I upgrade Intel to a Buy and believe this is a turning point.

"The Dow® [adds a stock] if the company has an excellent reputation,

The leading artificial intelligence (AI) chip stock gained nearly 3% in Friday's after-hours trading.

Nvidia stock will replace Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. Intel had held the position for 25 years, and the shift represents a shake-up among the tech titans.

The change, starting next Friday, lifts a dominant player in artificial intelligence over its chip-making rival, which has struggled to keep up.

Intel's Q3 report arrived with some encouraging numbers, and CEO Pat Gelsinger shared some key information about the company's future.

NEW YORK , Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industri...