Once mighty Intel being kicked to the curb!!!!!!!!!!!!!!! https://www.cnbc.com/2024/11/01/nvidia-to-join-dow-jones-industrial-average-replacing-intel.html Tech Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel Published Fri, Nov 1 20245:22 PM EDT - Updated Fri, Nov 1 20246:01 PM EDT Kif Leswing@kifleswing Share Key Points Nvidia is replacing Intel in the Dow Jones Industrial Average, a shakeup that reflects a massive change in the semiconductor industry. Nvidia shares have gained more than 170% this year, while Intel has lost over half its value. The last change to the index came in February, when fellow tech giant Amazon was added to the Dow. In this article NVDA+3.91 (+2.89%) DOW-0.42 (-0.86%) CEO of Nvidia, Jensen Huang, speaks during the launch of the supercomputer Gefion, where the new AI supercomputer has been established in collaboration with EIFO and NVIDIA at Vilhelm Lauritzen Terminal in Kastrup, Denmark October 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia is replacing rival chipmaker Intel in the Dow Jones Industrial Average, a shakeup to the blue-chip index that reflects the boom in artificial intelligence and a major shift in the semiconductor industry. Intel shares were down 1% in extended trading on Friday. Nvidia shares rose 1%. The switch will take place on Nov. 8. Also, Sherwin Williams will replace Dow Inc. in the index, S&P Dow Jones said in a statement. Nvidia shares have climbed over 170% so far in 2024 after jumping roughly 240% last year, as investors have rushed to get a piece of the AI chipmaker. Nvidia’s market cap has swelled to $3.3 trillion, second only to Apple among publicly traded companies. Companies including Microsoft, Meta, Google and Amazon are purchasing Nvidia’s graphics processing units (GPUs), such as the H100, in massive quantities to build clusters of computers for their AI work. Nvidia’s revenue has more than doubled in each of the past five quarters, and has at least tripled in three of them. The company has sginaled that demand for its next-generation AI GPU called Blackwell is “insane.” With the addition of Nvidia, four of the six trillion-dollar tech companies are now in the index. The two not in the Dow are Alphabet and Meta. While Nvidia has been soaring, Intel has been slumping. Long the dominant maker of PC chips, Intel has lost market share to Advanced Micro Devices and has made very little headway in AI. Intel shares have fallen by more than half this year as the company struggles with manufacturing challenges and new competition for its central processors. Intel said in a filing this week that the board’s audit and finance committee approved cost and capital reduction activities, including lowering head count by 16,500 employees and reducing its real estate footprint. The job cuts were originally announced in August. The Dow contains 30 components and is weighted by the share price of the individual stocks instead of total market value. Nvidia put itself in better position to join the index in May, when the company announced a 10-for-1 stock split. While doing nothing to its market cap, the move slashed the price of each share by 90%, allowing the company to become a part of the Dow without having too heavy a weighting. The switch is the first change to the index since February, when Amazon replaced Walgreens Boots Alliance. Over the years, the Dow has been playing catchup in gaining exposure to the largest technology companies. The stocks in the index are chosen by a committee from S&P Dow Jones Indices.
Defintely at its peak..I was long the 136-138 call spread and walked away at 4 thinking the options were worthless as the stock closed at 135 and change. WRONG I get home at 6:30,and the stock is trading 139.20. Too late too exercise my long calls,and Im expecting to get assigned on the short 138 strike.. Covered stock in the after market,and of course I dont get assigned on my short 138's... So Taowave is long and most likely wrong....
Ten Year Stock Price Total Return for NVIDIA is calculated as follows: Last Close Price [ 135.40 ] / Adj Prior Close Price [ 0.47 ] (-) 1 (=) Total Return [ 28,889.9% ] Prior price dividend adjustment factor is 0.96. The total return for NVIDIA (NVDA) stock is 220% over the past 12 months. So far it's up 173.47% this year. The 5-year total return is 2,586.38%, meaning $100 invested in NVDA stock 5 years ago would be worth $2,686.38 today. ASSET YEAR % RETURN NVIDIA (NVDA) 1999 123.69% NVIDIA (NVDA) 2000 38.65% NVIDIA (NVDA) 2001 305.47% NVIDIA (NVDA) 2002 -82.87% NVIDIA (NVDA) 2003 93.35% NVIDIA (NVDA) 2004 0% NVIDIA (NVDA) 2005 50.22% NVIDIA (NVDA) 2006 101.35% NVIDIA (NVDA) 2007 37.66% NVIDIA (NVDA) 2008 -76.35% NVIDIA (NVDA) 2009 131.51% NVIDIA (NVDA) 2010 -16.82% NVIDIA (NVDA) 2011 -10.71% NVIDIA (NVDA) 2012 -13.69% NVIDIA (NVDA) 2013 30.36% NVIDIA (NVDA) 2014 28.18% NVIDIA (NVDA) 2015 66.43% NVIDIA (NVDA) 2016 233.78% NVIDIA (NVDA) 2017 86.06% NVIDIA (NVDA) 2018 -31.62% NVIDIA (NVDA) 2019 80.82% NVIDIA (NVDA) 2020 119.08% NVIDIA (NVDA) 2021 124.63% NVIDIA (NVDA) 2022 -50.94% NVIDIA (NVDA) 2023 233.61%
The problem with you, Mr. Taowave is you do not like to gamble. You should try buying a lottery ticket, simply long, now and then, here and there. It is more fun.
(AXIOS) 11/04/2024 Intel out, Nvidia in By Courtenay Brown Data: FactSet; Chart: Axios Visuals Nvidia is among the few companies worth $1 trillion or more. Now the AI chipmaker joins another exclusive club: one of 30 blue-chip stocks in the Dow Jones Industrial Average. Why it matters: This week Nvidia replaces Intel in the Dow, a shakeup that reveals technology's new world order dominated by generative AI. Intel — America's one-time chip leader that's been in the Dow for the past quarter century— is struggling to keep pace with the AI-driven chip boom. To understand the dramatic reversal of fortune consider this: When Intel joined the Dow in 1999, the Wall Street Journal described the company as one of the "new economy stocks" replacing "old-economy stalwarts." The same might be said of Nvidia today. The bottom line: The Dow is less influential than it used to be, but its members are supposed to represent a cross-section of the economy. Now — with soaring AI investment expected to transform the economy — that looks a little bit closer to reality.
I haven’t followed the company but been stumbling across more posts that mention fraud. Might be nothing but would do more research if I had a position.
Broadcom unveils new tech to speed up custom chips amid rising GenAI demand FILE PHOTO: Illustration shows Broadcom logo · Reuters Reuters Thu, December 5, 2024 at 9:02 AM EST 2 min read In This Article: StockStory Top Pick AVGO +5.31% (Reuters) - Broadcom said on Thursday its custom chip unit, which makes AI processors for cloud providers, has developed new technology to enhance semiconductor speeds amid escalating demand for generative artificial intelligence infrastructure. Palo Alto, California-based Broadcom is among the biggest beneficiaries of hefty demand for AI-supporting hardware, as so-called hyperscalers turn to its custom chips to diversify their supply chains beyond Nvidia's costly processors. The technology, called 3.5D XDSiP, will allow Broadcom's custom-chip customers to boost the amount of memory inside each packaged chip and speed up its performance by directly connecting critical components. To do this, it uses manufacturing processes from TSMC, the world's largest contract-chip producer, including chip-on-wafer-on-substrate techniques - also known as advanced packaging - capacity for which is limited, making it a key bottleneck in the supply chain for AI chips. There are five products in development that use the new tech, with production shipments starting in February 2026, Broadcom said. While Broadcom does not identify the cloud companies it is developing custom chips for, analysts widely believe tech giant Alphabet's Google and Facebook-owner Meta Platforms are among its customers. "Our hyperscale customers continue to scale up and scale out their AI clusters," Broadcom CEO Hock Tan said in September, when the company raised its forecast for AI revenue to $12 billion for fiscal year 2024, up from an earlier forecast of $11 billion. The chipmaker, which also provides networking equipment for data centers, has three main customers for its custom processor unit, Tan said in September. Broadcom's central competitor in this space is Marvell. The total market for custom chips could grow to about $45 billion by 2028 and be split between the two companies, Marvell COO Chris Koopmans said on Tuesday. The market for custom chips will expand further, Summit Insights senior analyst Kinngai Chan said, adding that Marvell and Broadcom would benefit from this trend. (Reporting by Arsheeya Bajwa in Bengaluru and Max Cherney in San Francisco; Editing by Pooja Desai) https://finance.yahoo.com/news/broadcom-unveils-tech-speed-custom-140241416.html