Nvidia has emerged as a cornerstone of the global semiconductor industry, and shares have risen more than two-fold this year alone.
Intel will lose its spot in the Dow Jones Industrial Average after a 25-year run to Nvidia , S&P Dow Jones Indices said Friday, the latest blow to theto rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.
This development comes a day after Intel expressed optimism about the future of its PC and server businesses, projecting current-quarter revenue above estimates but warning that it had “a lot of work to do.
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