After the shut of buying and selling on Friday, S&P Dow Jones Indices introduced that AI large NVIDIA Company (NASDAQ:) will change Intel Company (NASDAQ:) within the .
The change will happen efficient previous to the market open of buying and selling on Friday, November 8, 2024.
S&P Dow Jones Indices mentioned the modifications had been made to “guarantee a extra consultant publicity to the semiconductors trade.”
12 months-to-date, NVIDIA’s inventory is up 173%, whereas Intel is down 54%. NVIDIA is the dominant participant within the AI chip sector. Analysts at BofA Securities count on AI accelerator demand to develop to $280 billion by 2027 and greater than $400 billion over time, with NVIDIA garnering 75% of the market share.
Along with the NVIDIA/Intel change, S&P Dow Jones Indices introduced that Sherwin-Williams Co (NYSE:) will change Dow Inc (NYSE:) within the Dow Jones Industrial Common.
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