New York CNN Business —
Chip giant Nvidia is the ninth-most valuable company in the S&P 500
. With a market capitalization of almost $500 billion, the company is now worth nearly as much as semiconductor rivals Intel, Advanced Micro Devices and Qualcomm — combined. Could Nvidia soon wind up listed on the venerable Dow
There’s a strong case to be made for Nvidia (NVDA) joining the Dow Jones Industrial Average, the most famous of market barometers. In fact, one could argue that Nvidia (NVDA) might be a better fit than current chip king Intel (INTC) or stodgy tech giant IBM (IBM).