[New York – Kobayashi Yasuhiro] S&P Dow Jones Indices, which calculates the Dow Jones Industrial Average (30 stocks), a representative stock price index in the United States, announced on the 1st that it will remove US semiconductor giant Intel from the 30 stocks that make up the Dow Jones Industrial Average and add US semiconductor giant Nvidia instead. The changeover will begin on the 8th. This is the first time Intel has been outside the Dow Jones Industrial Average in nearly 25 years. This event is likely to symbolize a shift in the leading role among American semiconductor companies. Nvidia is a company that has grown rapidly on the back of the boom in artificial intelligence (AI), and holds approximately 80% of the global market share in semiconductors for artificial AI. Its stock price has more than tripled over the past year, and its current market capitalization is the second largest in the world after Apple. The inclusion of Nvidia in the Dow could help push the average higher, which is already at an all-time high. Meanwhile, Intel, once known as the world’s largest semiconductor company, was added to the Dow Jones Industrial Average in 1999, but in recent years has missed out on the AI boom and has lost market share to Nvidia and others, and continues to struggle. In its financial results for the July-September 2024 period announced on October 31, the company posted a final deficit of $16.639 billion (approximately 2.5 trillion yen), the largest since its founding in 1968. The Dow Jones Industrial Average began calculation in 1896. Currently, it is calculated based on the average stock prices of 30 leading U.S. companies listed on the New York Stock Exchange and the Nasdaq market. The 30 companies were selected to reflect the overall U.S. stock market, and the composition is reviewed regularly. Other major stock price indices in the United States include the Nasdaq Composite Index, which is calculated based on the stocks of over 2,500 companies, including IT companies, and the S&P 500, which is calculated from approximately 500 major U.S. stocks. Although the Dow Jones Industrial Average has only 30 constituent stocks, it has a long history and attracts attention from investors as a symbol of the U.S. economy. Yomiuri Shimbun Online 2024/11/02 07:16.
>>1 This is exactly why stock prices in the market continue to rise because they eliminate declining companies and trade with companies with momentum and that’s why they say you should do index investing lol.
Wow, just 7 or 8 years ago they were the leaders of the semiconductor industry, but then AMD released Ryzen and things changed, and AI dealt them the final blow.
>>57 In 2014, the Mt. Gox incident occurred, and the price of Bitcoin plummeted from 120,000 yen per coin to 18,000 yen. Everyone is saying that Bitcoin is over, but Tsuneyasu Takeda is buying up a lot of it, believing it will rise again. Currently, one coin is worth 10.64 million yen.
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