Part 2/11:
This move by S&P Dow Jones Indices, the company that maintains the Dow index, reflects the waning influence of Intel in the tech landscape. The company has been replaced by Nvidia, the rising star in the industry, with its multi-trillion-dollar valuation and AI-powered capabilities. This transition is seen as a natural "amputation" of a "necrotic limb" by the market.
The US government is now discussing ways to "save" Intel, recognizing the company's strategic importance. Policymakers are reportedly encouraging a merger deal for Intel's chip design business, potentially with AMD or Qualcomm, in an effort to bolster the company's position.