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A surprising tech company could be next to join the Dow

A surprising tech company could be next to join the Dow

CNN
Monday, July 26, 2021 6:14 PM GMT

Chip giant Nvidia is the ninth-most valuable company in the S&P 500. With a market capitalization of almost $500 billion, the company is now worth nearly as much as semiconductor rivals Intel, Advanced Micro Devices and Qualcomm — combined. Could Nvidia soon wind up listed on the venerable Dow, too?

There's a strong case to be made for Nvidia (NVDA) joining the Dow Jones Industrial Average, the most famous of market barometers. In fact, one could argue that Nvidia might be a better fit than current chip king Intel (INTC) or stodgy tech giant IBM (IBM). To be sure, the chip maker's annual sales still pale in comparison to Intel or IBM, which are both expected to generate more than $70 billion in revenue this year. But Nvidia's revenue forecast of about $25 billion for this fiscal year isn't too shabby.
Read full story on CNN
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