NVIDIA is once again experiencing a historic moment! According to the latest news, $NVIDIA (NVDA.US)$on November 8, 2024, $Intel (INTC.US)$will replace Intel and become a component stock of the Dow Jones Industrial Average. According to the press release, this index adjustment aims to enhance the representation of the semiconductor industry. Currently, NVIDIA is trading more than 2% higher in after-hours trading, potentially surpassing $Apple (AAPL.US)$Toand taking the top position in market capitalization.There is.
Dow Inc. is one of the oldest stock price indices in the United States, representing listed companies in the US business and industry.Only 30 companies.Are selected as constituent stocks, oftenA barometer of the US stock market and the broader economy.It is considered that value stocks are now one of the main factors for the consecutive rise and new record high of Berkshire Hathaway shares.
Unlike the S&P500 index, which uses market capitalization weighting, the Dow Average is a price-weighted index. Therefore, even if each stock moves with the same percentage change, stocks with higher prices have a greater impact on the index than stocks with lower prices.
With NVIDIA joining as a new constituent stock of the Dow.Semiconductor sector...