#Intel November 5
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Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on INTEL.
In the 1990’s the DJIA realized that technology was a big part of the US Economy. Intel joined the Dow Jones Industrial Average (DJIA) on November 1, 1999, marking a significant shift as one of the first Nasdaq-listed companies, along with Microsoft, to be added to the Dow. In an interesting twist Intel is being removed from the Dow after 25 years and being replaced by Nvidia. That decision was announced on Friday November 1st and becomes effective on Friday November 8, 2024.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 5th-Intel
One key business lesson the Dow and Intel’s experience highlight is the necessity of adapting to change. That bit of knowledge also applies to everything else in life. What happened to Intel is something that occurs all the time.
Intel was recently removed from the Dow Jones Industrial Average and replaced by NVIDIA due to a shift in the semiconductor industry, driven largely by the rise of AI technology.
NVIDIA’s GPUs have become central to AI applications, fueling massive growth for the company and making it the second-largest U.S. company by market cap. In contrast, Intel has faced challenges adapting to the AI landscape and has seen a significant decline in its stock and market value throughout 2024. For whatever reason Intel ignored the GPU side of consumer electronics and the Dow on Friday showed them the door.
Intel stock price in 1999 averaged around $23.00 and on Friday November 1, 2024 it closed at $23.20. Not all stocks go up over time.
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