Nvidia is replacing rival microcircuits manufacturer Intel in the Dow Jones Industrial Average, which is a shakeup in the blue-chip index.
It is also worth noting that the mentioned event is a landmark and signals certain large-scale processes. In this case, it is implied that the new position of Nvidia reflects the so-called boom in artificial intelligence. The consequences of a major shift in the semiconductor industry are also observed in the relevant context.
It is worth noting that Nvidia is currently one of the main beneficiaries of the artificial intelligence boom. This company is the most popular developer of graphics processing units, which are necessary for training and ensuring the process of subsequent functioning of AI systems. In the current year, Nvidia’s market capitalization crossed a kind of historical mark of $3 trillion.
Against the background of news about the Dow Jones Industrial Average value of Intel shares on Friday, November 1, decreased by 1% during extended trading. The same indicator for Nvidia demonstrated growth of 1%.
Currently, large technology companies such as Microsoft, Meta, Amazon, and Google are in huge quantities purchasing graphic processing units from Nvidia. These products are necessary for building computer clusters for further AI work.
It’s also worth noting that Nvidia’s revenue has more than doubled in each of the last five quarters. The company said the current consumer demand for its next-generation AI graphics processing units called Blackwell is insane in a positive sense.
