Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a minority stake in Altera, the programmable chips business that Intel acquired for nearly $17 billion in 2015, according to people familiar with the matter.
Shares of Nvidia rise as the company gets added to the Dow, replacing the likes of Intel. Nancy Tengler of Laffer Tengler Investments joins Caroline Hyde and Ed Ludlow to discuss on "Bloomberg Technology.
The veteran chip stock is losing its membership in the Dow.
For the second time in 2024, the Dow Jones Industrial Average (INDEXDJX: .DJI) is getting a shakeup. Back in February, Amazon replaced Walgreens on the stock market index.
Nvidia will soon replace Intel in the Dow Jones Industrial Average, ending INTC's 25-year run of underperformance in the index. NVDA's recent market outperformance suggests investors are getting pumped up for its upcoming earnings release later this month. Recent earnings releases from AMD and Intel show that the King of AI's market leadership remains structurally bullish.
Investors have been discouraged from purchasing Intel stock because of its poor performance in recent years.
Intel Corp NASDAQ: INTC has endured a tough year, with its stock losing as much as nearly 65% due to red-hot competition and declining earnings. However, in recent weeks, the stock has been consolidating and has even started to show signs of rally potential.
Investors want to know what these latest developments mean for shareholders.
Intel (INTC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Nvidia is set to replace Intel in the Dow Jones Industrial Average.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) will replace Intel Corp (NASDAQ:INTC, ETR:INL) in the Dow Jones Industrial Average this week in the latest shake-up of the Wall Street index. Intel has been one of the DJIA's 30 constituents since 1999, when it and Microsoft became the first companies traded on the Nasdaq exchange to be included as part of the 128-year-old benchmark.
The company will join the blue-chip index this week, further cementing its position as the leading U.S. chip stock.