Shares of Nvidia had been trading north of $750 as of a few weeks ago.
Nvidia, until recently, would have been too expensive for the Dow, which weights the 30 companies it lists by stock price. Stock split could set up Nvidia for Dow inclusion (Investing sites Motley Fool and Seeking Alpha have both speculated about the possibility.) There’s another big reason why there’s been more chatter lately about Nvidia potentially joining the Dow. Meet tech's new leaderĪdding Nvidia could give the Dow more exposure to the lucrative industries of gaming and cryptocurrencies, as Nvidia’s graphics processing chips are a big part of high-end PCs used by gamers as well as for cryptocurrency mining rigs. (CRM), which was added to the Dow last year.Īpple is no longer king of the Dow. (MCD), and on par with the revenue estimates for software giant Salesforce It’s also higher than the sales expectations for Dow components Visa But Nvidia’s revenue forecast of about $25 billion for this fiscal year isn’t too shabby. 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. (NVDA) might be a better fit than current chip king Intel (NVDA) joining the Dow Jones Industrial Average, the most famous of market barometers. There’s a strong case to be made for Nvidia Could Nvidia soon wind up listed on the venerable Dow, too? 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. Chip giant Nvidia is the ninth-most valuable company in the S&P 500.
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