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Nvidia to replace Intel in Dow Jones Industrial Average — Intel's 25-year reign has come to an end
(www.tomshardware.com)
this post was submitted on 03 Nov 2024
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Isn't Nvidia insanely overvalued? I feel like they'll just have to readjust when the AI bubble bursts...
I don't know about overvaluation of individual companies, but i do know that DJIA is overrated legacy crap from the 1870's that only exists because human computational power was limited.
The S&P is going to be much more reliable a metric than, "Here's 30 companies to buy stock in chaps" targeted at conservative WSJ readers.