Intel must make way in the Dow Jones: Nvidia takes over.

After a quarter-century of continuous presence, semiconductor giant Intel is being removed from the prestigious Dow Jones Industrial Average and replaced by Nvidia. According to S&P Dow Jones Indices, this change completes the latest series of setbacks that have affected the once-mighty technology heavyweight. Intel was one of the first two technology companies to be included in the renowned index. Once a leader in chip production, Intel has lost its dominant status to competitor TSMC in recent years. Missteps, including the missed investment in OpenAI, the parent company of ChatGPT, caused Intel to miss out on the AI boom. As a result, the company’s stock fell by 54% this year, making it the weakest stock in the index. Founded in 1968, Intel evolved from a manufacturer of memory chips to processors that initiated the era of personal computers. With the famous "Intel Inside" slogan in the 1990s, the company transformed standard components into premium products that soon became ubiquitous. Nvidia, in contrast, has established itself as an indispensable player in the global semiconductor landscape, primarily due to the crucial role of its chips in generative AI. This led to a sevenfold increase in its stock price over the past two years. This year alone, the value of Nvidia's shares has more than doubled. Once mainly popular with gamers, the company has become the second most valuable firm in the world and is now considered a benchmark for the AI market. The recent tenfold stock split initiative in June made Nvidia's soaring stocks more accessible to retail investors, another step paving the way for its inclusion in the Dow Jones.