Nvidia Stock Is Joining the Dow Jones Industrial Average Stock Index and Intel Is Being Booted
Nvidia (NASDAQ: NVDA) stock investors got some good news to kick off their weekends. On Friday after the market close, S Dow Jones Indices announced that the artificial intelligence (AI) chip giant will replace fellow chipmaker Intel (NASDAQ: INTC) in the Dow Jones Industrial Average (DJINDICES: ^DJI), the oldest U.S. stock index.
Not surprisingly, Nvidia stock was up and Intel stock was down in Friday's after-hours trading session. Nvidia stock gained 2.9% while Intel stock lost 1.9%.
Nvidia is replacing Intel in the Dow Jones Industrial Average (commonly called "the Dow") before the market open on Friday, Nov. 8.
Source Fool.com