Nvidia CEO Jensen Huang recently announced the launch of the Gefion supercomputer in partnership with EIFO and NVIDIA in Denmark. Nvidia is replacing Intel in the Dow Jones Industrial Average, highlighting the rise of AI and the shifting semiconductor industry. Nvidia’s market cap is now $3.3 trillion, second only to Apple. Companies like Microsoft and Amazon are buying Nvidia GPUs for AI projects, with revenue doubling in the past five quarters. In contrast, Intel has been struggling with competition and challenges, leading to a significant drop in market share and plans to reduce workforce and real estate. The switch to Nvidia in the Dow reflects the growing importance of AI in the tech industry.
https://www.cnbc.com/2024/11/01/nvidia-to-join-dow-jones-industrial-average-replacing-intel.html