Nvidia officially replaces Intel in the Dow Jones Industrial Average. The former semiconductor leader faces another setback, with its stock price likely to decline further. After halving its stock price this year, can Intel bounce back? (Background: Jensen Huang is smiling! Responds to the AMD and Intel alliance against Nvidia and Arm: Their approach is quite good) (Additional context: Nvidia's market value exceeds $3.5 trillion, becoming the 'second company in history'! Bank of America raises target price to $190, surpassing Apple?) A historic moment! The Dow Jones Industrial Average, one of the three major U.S. stock indices composed of 30 representative blue-chip stocks, is about to remove Intel, which has been in existence for 25 years, and replace it with AI chip leader Nvidia. This marks another setback for Intel, a former semiconductor giant that has long struggled in recent years, highlighting a significant shift in the semiconductor industry and the rise of artificial intelligence. S&P Dow Jones Indices announced today that Nvidia will officially join the Dow Jones Industrial Average on November 8, along with Sherwin-Williams, the largest paint manufacturer in the U.S., which will replace Dow Chemical. After-hours trading on Friday, NVIDIA's stock rose 2.9% to $139.32, while Intel fell 1.81% to $22.78. Intel's stock price has halved this year. As tech giants invest heavily in an AI arms race in recent years, Nvidia's stock has risen over 180% this year, following approximately 240% growth last year, with a market cap surpassing $3.3 trillion, second only to Apple. In contrast to Nvidia's explosive growth, Intel, which was once the leader in global semiconductors, has faced significant losses against TSMC in chip manufacturing, lagging behind AMD in the PC chip market, and has missed the wave of generative AI, even missing the chance to acquire a 30% stake in OpenAI. The company's stock price has fallen over 51% this year, making it the worst-performing company in the Dow. Regarding Nvidia's replacement of Intel in the Dow, Susannah Streeter, head of funds and markets at Hargreaves Lansdown, told Reuters that losing its position in the Dow would be another blow to Intel's reputation, as it struggles with a painful transformation and a loss of trust sparked by the fiasco of its 13th and 14th generation CPUs. This also means that Intel will not be included in ETFs tracking the Dow, which may further impact its stock price. Extended reading: Intel finally admits 'serious disaster' with 13th and 14th generation Intel CPUs, will fully compensate users. Intel reported its largest loss in history in Q3. According to Nikkei, Intel announced its Q3 2024 financial report on Thursday (10/31), with revenue of $13.3 billion, a year-over-year decrease of 6%, higher than market expectations of $13.02 billion. However, the final net loss was $16.639 billion, marking three consecutive quarters of losses, with Q3 seeing the largest loss in the company's history. Analysts expect Intel's financial report this year will show its first annual net loss since its establishment in 1986. The company's market value has fallen below $100 billion for the first time in 30 years. The losses are attributed to a $15.9 billion impairment loss from excessive investment in semiconductor manufacturing equipment and approximately $18.5 billion in costs associated with layoffs. However, due to better-than-expected revenue in Q3 and a positive outlook for Q4, the market reacted favorably, with Intel's stock rising as much as 15% during Friday's trading session, closing with a gain of 7.81%. Google Finance's latest Ultra200 review is extremely average and may not save Intel. Intel CEO Pat Gelsinger stated during the earnings call that the company is undergoing the most impactful restructuring since its founding. On October 28, the board's audit and finance committee approved a series of cost-cutting plans, including laying off 16,500 employees and reducing or selling two-thirds of its global real estate holdings. This significant restructuring is expected to be completed before Q4 2025. Whether Intel can pull through this company restructuring remains to be seen, but after the release of the latest 15th generation Core Ultra 200 series last week, market reviews have been lukewarm. According to YouTuber Gamer Nexus's evaluation, he believes this model performs very ordinarily, with some performance even lagging behind the 14th generation, failing to redeem the market's criticism of Intel processors' recent poor performance. Overall, performance has not significantly improved, and although power consumption has drastically reduced, this is not a significant improvement on desktop computers. Additionally, it is more expensive than current competitors (including its own brand) and has overall inferior performance and a low cost-performance ratio, so the much-anticipated 15th generation CPUs may not save Intel from the strong competition posed by AMD. Related reports: The U.S. government 'supports Intel' in promoting localization of AI chips; Jensen Huang: TSMC is good but not the only one. Intel struggles for survival! Rumors of 'spinning off or selling' Intel's IC design and wafer foundry business, which may be detrimental to TSMC? Intel actually rejected a $1 billion investment in OpenAI for a 30% stake, saying it was too expensive; people online joked: Intel doesn't have that luck. Nvidia's GB200 'highest-end AI server' is in high demand from cloud giants; Hon Hai's OEM orders are skyrocketing: demand is incredibly crazy. 'Nvidia replaces Intel, becoming a component of the Dow; Intel's Q3 records the largest loss in history.' This article was first published on BlockTempo (the most influential blockchain news media).