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OpenAI CEO Says the Company Is Being Held Back by Lack of Compute Capacity
nvidia will replace intel in the Dow Jones Industrial Average, highlighting the increasing prosperity of AI.
Standard & Poor's Dow Jones Indices announced on Friday local time that Nvidia will replace Intel in the Dow Jones Industrial Average next week. This move highlights the prosperity of AI and the significant transformation of the semiconductor industry. Intel used to be the dominant force in the chip manufacturing industry, but in recent years has ceded its manufacturing advantage to competitor Taiwan Semiconductor. At the same time, Intel also missed out on the boom of generative AI, including giving up an investment in ChatGPT owner OpenAI. This year, Intel's stock price has fallen by 54%, making the company part of the Dow.
Overnight news: U.S. stocks closed higher, nvidia will be included in the Dow Jones Industrial Average, apple invested $1.5 billion in satellite communications, usa manufacturing activity contracted for the seventh consecutive month.
For more global financial news, please visit the 24-hour real-time financial news market closing: US stocks close higher, the Dow rises by 280 points, the market shakes off the impact of weak data. Top 20 US stock turnover on November 1st: Amazon's strong financial report boosts stock price, popular Chinese concept stocks varied on Friday, Taiwan Semiconductor rose by 1.3%, Alibaba fell by 0.4%, international precious metals futures closed slightly lower, COMEX gold futures fell by 0.12%, US WTI crude oil fell by 3.2% this week, the market continues to focus on the development of the situation in the Middle East. European stocks close higher, the German DAX index rises by 0.96%, macro traders increase their shareholdings in the US before the presidential election.
After Intel's Messy Earnings Report, This Much Is Clear
Intel's Outlook Encouraging But Chipmaker Still Expected to Struggle -- Market Talk
"Treading on Air" Two major chip giants unexpectedly warming up in the AI wave, but difficult to shake the logic of chip stocks: fundamental reversal must rely on AI.
Maybank analyst stated that intel and Samsung's gap in ai is "difficult to narrow in the short term"; Allspring analyst stated that Samsung needs to make "difficult decisions".
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