Investors' enthusiasm around the addition boosted Nvidia Monday, even as the Dow struggled. Nvidia doesn't actually join the average until Friday.
Investors are expecting the Dow Jones Industrial Average to get a boost from the inclusion of the biggest artificial intelligence beneficiary of the last year. But history shows they may have to wait. The 30-stock Dow has underperformed this year and last after failing to capitalize on the artificial intelligence boom that helped bolster the comparatively tech-heavy S & P 500 and Nasdaq Composite. The Dow has advanced just 11% this year, after rising 13.7% in 2023.
mountain Nvidia "When we kind of think about where the world is headed to over the next decade or so, it's one where semiconductors are going to play a much bigger theme out there, across different vectors of the market," said CFRA Research's Angelo Zino. Investors' enthusiasm around the addition boosted Nvidia Monday, even as the Dow struggled . Nvidia doesn't actually join the average until Friday before the bell so it couldn't help.
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