- Tunisia women herb harvesters struggle with drought and heat
- Trump threatens to take back control of Panama Canal
- India's architecture fans guard Mumbai's Art Deco past
- Secretive game developer codes hit 'Balatro' in Canadian prairie province
- Large earthquake hits battered Vanuatu
- Beaten Fury says Usyk got 'Christmas gift' from judges
- First Singaporean golfer at Masters hopes 'not be in awe' of heroes
- Usyk beats Fury in heavyweight championship rematch
- Stellantis backtracks on plan to lay off 1,100 at US Jeep plant
- Atletico snatch late win at Barca to top La Liga
- Australian teen Konstas ready for Indian pace challenge
- Strong quake strikes off battered Vanuatu
- Tiger Woods and son Charlie share halfway lead in family event
- Bath stay out in front in Premiership as Bristol secure record win
- Mahomes shines as NFL-best Chiefs beat Texans to reach 14-1
- Suspect in deadly Christmas market attack railed against Islam, Germany
- MLB legend Henderson, career stolen base leader, dead at 65
- Albania announces shutdown of TikTok for at least a year
- Laboured Napoli take top spot in Serie A
- Schick hits four as Leverkusen close gap to Bayern on sombre weekend
- Calls for more safety measures after Croatia school stabbings
- Jesus double lifts Christmas spirits for five-star Arsenal
- Frankfurt miss chance to close on Bayern as attack victims remembered
- NBA fines Celtics coach Mazzulla and Nets center Claxton
- Banned Russian skater Valieva stars at Moscow ice gala
- Leading try scorer Maqala takes Bayonne past Vannes in Top 14
- Struggling Southampton appoint Juric as new manager
- Villa heap pain on slumping Man City as Forest soar
- Suspect in deadly Christmas market attack railed against Islam and Germany
- At least 32 die in bus accident in southeastern Brazil
- Freed activist Paul Watson vows to 'end whaling worldwide'
- Chinese ship linked to severed Baltic Sea cables sets sail
- Sorrow and fury in German town after Christmas market attack
- Guardiola vows Man City will regain confidence 'sooner or later' after another defeat
- Ukraine drone hits Russian high-rise 1,000km from frontline
- Villa beat Man City to deepen Guardiola's pain
- 'Perfect start' for ski great Vonn on World Cup return
- Germany mourns five killed, hundreds wounded in Christmas market attack
- Odermatt soars to Val Gardena downhill win
- Mbappe's adaptation period over: Real Madrid's Ancelotti
- France's most powerful nuclear reactor finally comes on stream
- Ski great Vonn finishes 14th on World Cup return
- Scholz visits site of deadly Christmas market attack
- Heavyweight foes Usyk, Fury set for titanic rematch
- Drone attack hits Russian city 1,000km from Ukraine frontier
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- Pakistan Taliban claim raid killing 16 soldiers
- Pakistan military courts convict 25 of pro-Khan unrest
- US Congress passes bill to avert shutdown
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Nvidia to join Dow Jones Industrial Average, replacing Intel
Chip giant Nvidia will join the Dow Jones Industrial Average, the iconic Wall Street index announced Friday, underscoring the importance of artificial intelligence in the US economy.
The addition of Nvidia, which will take effect on November 8, also marks a historic moment for the semiconductor industry, as the AI chip leader replaces struggling rival Intel, which has been on the Dow index since 1999.
S&P Dow Jones Indices, the company that runs the index, also said it would add paint manufacturer Sherwin-Williams, replacing chemical giant Dow.
Shares of Nvidia have climbed over 180 percent this year as tech giants clamor for its powerful and high cost processors that power generative AI, the technology that is widely seen as the next phase of innovation.
Intel, one of Silicon Valley's most iconic companies, has seen its shares fall 50 percent so far this year as the company struggles to meet the AI boom.
The Dow Jones Industrial Average, created by Charles Dow in 1896, is often used as a bellwether for the state of the US stock market, the biggest in the world.
Unlike the S&P500 that weighs companies by market capitalization, the 30-stock Dow is price-weighted, meaning higher-priced stocks have more influence on its movements.
Tech companies Apple, Microsoft, IBM, Salesforce and Cisco Systems are currently in the index, while Google, Amazon and Meta are not.
The components of the DJIA are selected by a committee, and they tend to favor companies that represent a wide swathe of industries and are well-established.
This has historically excluded many tech giants, despite their size and influence.
With their high values, including too many tech companies would also drown out the influence of the other sectors represented in the index.
A.Santos--PC