In recent years, soaring greens have taken the place of falling blues on the New York Stock Exchange.
Even those who have never traded in the stock market have probably heard of the Dow Jones Industrial Average. The mentioned index shows the stock market status of the 30 most important companies in the United States of America minute by minute, in a single indicator, so its importance cannot be overestimated. When it goes down, it is usually followed by other stock market indexes in the world, and when it goes up, it typically drags them along. .
After a quarter of a century, he will be removed from this list of 30 on November 8 CNBC according to his information, Intel, which has been suffering spectacularly recently, is to give way to Nvidia, which is breaking records. The members of the list are decided by a committee of goldsmiths, whose members include the editors of the Wall Street Journal. When selecting, aspects such as market capitalization, leadership in the industry, sustainable financial growth and investor interest are taken into account.
The blues closed the fourth quarter with a loss of 1.6 billion dollars, which was followed by mass layoffs involving more than 15,000 employees, but the results did not improve, they became even worse: in the third quarter, the deficit was already 16.6 billion dollars, which the management largely writes at the expense of restructuring. The company’s shares have lost more than 30 percent of their value since July, although they have rallied a bit in recent days.
On the other hand, Nvidia is consistently one of (if not the) biggest beneficiary of the rise of artificial intelligence, briefly even surpassing Apple as the world’s most valuable company. At its peak, its market value was 3.34 trillion dollars.
After the switch, Nvidia will become the fourth trillion-dollar company in the Dow Jones Industrial Average, alongside Microsoft, Apple, and Amazon, which entered the market in February and knocked out Walgreens.
Source: www.pcwplus.hu
