Is Nvidia About to Replace Intel in the Dow?
The stock market bounced back hard on Tuesday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) did quite well. Up 1.5% as of 12:45 p.m. EDT today, the Nasdaq is actually up slightly on the week after a big roller coaster ride.
Many investors follow the Dow Jones Industrial Average more closely than the Nasdaq. Just six stocks out of 30 Dow components are listed on the Nasdaq, but they include some of the biggest tech companies on the planet. Nevertheless, one recent move could make it more likely that the Dow will replace one of its older Nasdaq stocks in favor of a newer and much larger rival. Below, we'll look at Nvidia (NASDAQ: NVDA) to see if it's ready to join the Dow and replace its competitor Intel (NASDAQ: INTC).
Image source: Getty Images.
Source Fool.com
