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Nvidia will take Intel's place on the Dow Jones Industrial Average, marking a big change in the semiconductor world. This shift ends Intel's 25-year run on the index and shows how it's struggling in the market as competition grows and it misses chances in the AI field.

Nvidia's Valuation Soars To $3.32 Trillion: Replaced Intel On The Dow Jones - Looma News

Nvidia's Valuation Soars to $3.32 Trillion: Replaced Intel on the Dow Jones

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Nvidia's Valuation Soars to $3.32 Trillion: Replaced Intel on the Dow Jones- Grapevine

- Nvidia is set to replace Intel on the Dow Jones Industrial Average next week.
- Intel's shares have dropped 54% this year, making it the worst performer on the index.
- Nvidia's rise highlights the shift in the chipmaking market and its role in AI technologies.
- Intel has lost its manufacturing edge to TSMC and missed out on the AI boom.
- Nvidia's shares have more than doubled this year, reflecting its strong market position.

Source: [Benzinga](https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run), [Oregon Local News](https://www.oregonlive.com/silicon-forest/2024/11/intel-loses-its-spot-on-the-dow-jones-industrial-average-to-rival-nvidia.html), [Cnn](https://www.cnn.com/2024/11/01/business/intel-dow-nvidia/index.html)

Nvidia Replaces Intel on Dow Jones

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Nvidia has taken the lead from Apple to become the world's most valuable company, thanks to high demand for its AI supercomputing chips. Nvidia's market value hit $3.53 trillion, just ahead of Apple's $3.52 trillion. This shift highlights Nvidia's key role in the AI industry.

Nvidia Becomes World's Most Valuable Company - Looma News

Nvidia Is Now World's Most Valuable Company

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Nvidia had reached 1 trillion market cap

Nvidia crosses $3 Trillion in market cap. They crossed Apple.

Product Owner

- **Nvidia** dethroned **Apple** as the world's most valuable company on Friday, with its stock market value briefly touching **$3.53 trillion**.
- The surge is driven by high demand for Nvidia's new **supercomputing AI chips**.
- Nvidia's stock has risen about **18%** in October, boosted by **OpenAI's** $6.6 billion funding round.
- Nvidia's shares hit a record high, supported by **TSMC's** 54% jump in quarterly profit.
- The next big test will be Nvidia's third-quarter results in November, with forecasted revenue of **$32.5 billion**.

Source: [Mint](https://www.livemint.com/market/stock-market-news/nvidia-mcap-hits-3-53-trillion-on-ai-frenzy-dethrones-apple-to-become-worlds-most-valuable-company-11729875255638.html), [Times Now News](https://www.timesnownews.com/business-economy/companies/nvidia-dethrones-apple-as-worlds-most-valuable-company-article-114594179), [Hindustan Times](https://www.hindustantimes.com/business/nvidia-overtakes-apple-to-become-the-worlds-most-valuable-company-for-the-second-time-this-year-101729874178737.html)

Nvidia Overtakes Apple as Most Valuable Company

- Apple and Nvidia reportedly discussing investment in OpenAI's new funding round
- Thrive Capital expected to lead with $1 billion investment
- Microsoft, OpenAI's largest investor, likely to participate
- OpenAI's ChatGPT integration boosting Apple's AI strategy
- AI arms race driving high valuations and investments across industries 

 Source: [The Hindu](https://www.thehindu.com/sci-tech/technology/apple-nvidia-in-talks-to-join-openai-funding-round-reports-say/article68584312.ece/amp/)

Apple and Nvidia in Talks to Invest in OpenAI, Valuation Could Exceed $100 Billion

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In a race to AGI, Tech giants are prioritizing compute over hiring techies. 

Google also plans to spend 25 billion $ to build one zettaflops (1000 exaflops) of compute....  

Tesla plans to have compute of around 100 exaflops by around October 2024...

Same case with Microsoft. 

https://www.theverge.com/2024/1/18/24042354/mark-zuckerberg-meta-agi-reorg-interview

Meta to operate "600000 H100 GPU equivalents of compute" worth 18 billion $ by year-end for open source AGI. This explains cost cutting by tech giants.

Nvidia stock has 6x in the last 5 years, going from 57 USD to over 450 USD now. Similar stocks that had great growth include AMD (3x) , Tesla (15x !!) , making those employees who joined before the bullrun millionaires.  
Now the question is what are new Nvidia or Tesla whose stocks have a good chance to 3x or more in the next 5 years timeline?

Nvidia's Valuation Soars to $3.32 Trillion: Replaced Intel on the Dow Jones

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