Nvidia To Replace Intel In The Dow Jones Industrial Average; Stock Jumps
Early but correct. Intel out and Nvidia in. As I stated back in June, when I suggested Intel would be dropped and NVDA added, this usually ends up with the stock being added underperforming over the next 6-12 months while the stock being dropped outperforming for that timeframe.
Since NVDA had to have it’s split and wasn’t yet ready to top out, they waited before making the switch. I would think that after a brief pop on Monday, Nvidia will likely top out and the bear market will soon be underway. https://www.zerohedge.com/markets/nvidia-replace-intel-dow-jones-industrial-average-stock-jumps