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International Business Times
International Business Times
Bruce Golding

Nvidia Replaces Struggling Rival Intel On Dow Jones Industrial Average

Nvidia CEO Jensen Huang waves during an event in Kastrup, Denmark, last month. (Credit: MADS CLAUS RASMUSSEN/Ritzau Scanpix/AFP via Getty Images)

Chipmaker Nvidia will replace struggling rival Intel in the Dow Jones Industrial Average after its soaring stock price made it the world's second-most valuable publicly traded company.

S&P Dow Jones Indices said in a statement Friday that the move, effective October 8, would "ensure a more representative exposure to the semiconductors industry."

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