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Nvidia to join Dow Jones Industrial Average, replacing Intel

  • Nvidia will replace Intel in the Dow Jones Industrial Average, according to S&P Dow Jones Indices, marking Intel's exit after a 25-year run.
  • Intel is losing its manufacturing edge and missed the generative AI boom after failing to invest in OpenAI, which has hurt the company significantly.
  • Nvidia's market capitalization is competing with Apple for the largest globally, despite concerns about AI's long-term earnings potential for companies beyond Nvidia.
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