Nvidia surges after earnings report and stock split, potential to replace Intel in Dow

From Verizon Media: 2024-06-08 06:30:00

Shares of Nvidia (NASDAQ: NVDA) have surged following a strong first-quarter earnings report and announcement of a 10-for-1 stock split. The stock has climbed nearly 10% post-announcement. Investors view stock splits positively, indicating confidence in future growth. Some believe Nvidia could replace Intel (NASDAQ: INTC) in the Dow, given Intel’s underperformance and Nvidia’s market cap. Joining the Dow would be a psychological win for Nvidia and a setback for Intel. Nvidia is now the third most valuable company globally. The decision to replace Intel in the Dow remains speculative, but likely once the stock split is complete.



Read more at Verizon Media: Will It Replace Intel in the Dow Jones Industrial Average?