Nvidia to Replace Intel in Dow Jones Industrial Average Amid AI Boom

In a significant change to the Dow Jones Industrial Average, Nvidia will replace longtime rival Intel in the prestigious index, reflecting the rapid growth in artificial intelligence and shifting dynamics within the semiconductor sector. The switch will take effect on November 8. Additionally, Sherwin Williams will replace Dow Inc. in the index, according to S&P Dow Jones.

This change comes as Nvidia continues to see record-breaking gains in 2024, with its stock surging by over 170% following a 240% increase last year. The AI chipmaker’s market valuation has reached a staggering $3.3 trillion, trailing only Apple in terms of publicly traded company value. Nvidia’s advanced graphics processing units (GPUs) like the H100 have become essential components for tech giants including Microsoft, Meta, Google, and Amazon, which are purchasing these GPUs in bulk for AI and machine learning projects. Demand for Nvidia’s forthcoming AI GPU, Blackwell, has been described as “insane,” further emphasizing its dominance in the field.

Nvidia’s ascent brings four of the six trillion-dollar technology firms into the Dow, with Alphabet and Meta being the only exceptions. The company’s impressive stock rally was helped by a 10-for-1 stock split announced in May, which reduced its share price by 90%, facilitating its addition to the Dow without disproportionately influencing the index’s price-weighted structure.

In contrast, Intel has faced significant setbacks, with its stock declining over 50% this year. Once a leader in PC chip production, Intel has lost considerable ground to competitors like AMD and struggled to penetrate the AI sector. These challenges have been compounded by manufacturing issues and increased competition. Intel recently revealed plans to cut 16,500 jobs and reduce its real estate holdings, a part of cost-saving measures approved by the board’s audit and finance committee.

This change marks the Dow’s first adjustment since Amazon replaced Walgreens Boots Alliance in February. Historically, the index has lagged in adding the largest technology firms, but the inclusion of Nvidia underscores its commitment to capturing the growing influence of the tech industry.

 

Trump and Harris Compete for Latino Voters Ahead of Presidential Election

With Election Day just around the corner, former President Donald Trump and Vice President Kamala Harris have intensified their efforts to court the Latino vote, campaigning across southwestern states where Latino voters hold considerable sway. Latino voters represent 14.7% of all eligible voters in the U.S. for this election, with New Mexico leading with a Latino population share of about 45%, followed by California, Texas, Arizona, and Nevada. While California and Texas are predictably blue and red respectively, Arizona and Nevada, where Harris held her rallies, are crucial swing states.

Democrats have historically led with Latino voters, but recent polling shows that this advantage has waned over the last four election cycles, especially among Latino men, some of whom favor Trump on issues such as inflation and cost of living. Addressing a crowd in Albuquerque, New Mexico, Trump said, “I like you very much, and it’s good for my credentials with the Hispanic or Latino community,” though he jokingly asked the audience not to make him “waste a whole damn half a day here.” Despite New Mexico’s blue tilt—President Joe Biden won the state by 10.8 points in 2020—Trump believes he can win it, claiming, “We almost won it twice, and let me tell you, I believe we won it twice,” while suggesting that prior election results in New Mexico were manipulated.

Trump’s campaign, however, faced backlash last week after comedian Tony Hinchcliffe made offensive comments about Latinos during a Trump rally at Madison Square Garden, calling Puerto Rico “a floating island of garbage” and joking that Latinos “love making babies.” Campaign officials quickly distanced Trump from these remarks, though the former president has yet to apologize directly.

In New Mexico, Trump’s message focused heavily on immigration and border security, emphasizing the state’s border issues and asserting, “I am the only one that knows how to fix it.” However, a recent CNBC poll revealed that Latino voters ranked immigration as their fourth most pressing concern, with inflation, jobs, and threats to democracy taking higher priority. Furthermore, more Latino voters view immigration as beneficial to the U.S., though the gap has narrowed in recent years.

In contrast, Vice President Harris campaigned in Phoenix, Arizona, and in Reno and Las Vegas, Nevada, with a focus on the economy while contrasting her approach to Trump’s stance on immigration. “With five days left in this campaign, my opponent is making his closing argument to America—a message filled with hate and division,” Harris told the Phoenix crowd. “He insults Latinos, scapegoats immigrants, and it’s not just what he says; it’s what he will do if elected.”

At a Las Vegas rally, Harris was introduced by singer Jennifer Lopez, who emphasized her Puerto Rican heritage and addressed the significance of Latino unity, saying, “[Trump] has consistently worked to divide us. It wasn’t just Puerto Ricans that were offended that day; it was every Latino in this country.”

Both campaigns are ramping up efforts to reach Latino voters as November 5 approaches. Recently, Trump convened a roundtable with Latino business leaders in Florida, while Harris appeared in a pre-recorded interview aired by Telemundo, demonstrating the critical role that Latino voters are expected to play in this year’s election.

 

Disney Parks Transition from Halloween to Holiday Season with Overnight Transformations

As Halloween concludes, Disney theme parks have started their swift shift from spooky decor to holiday cheer, preparing to dazzle guests with festive greens and holiday lights. This annual transformation from pumpkins to poinsettias begins subtly in mid-October, as teams quietly install lighting rigs and other inconspicuous holiday elements. In a seamless, overnight process involving horticulturists, tech services, crane operators, and culinary experts, Disney meticulously crafts its iconic seasonal decor. The full transition takes about six weeks, culminating in a complete holiday experience for guests by early November.

Starting November 8 at Walt Disney World in Florida and November 15 at Disneyland in California, Disney’s holiday offerings will be on full display. Both parks will feature sparkling Christmas trees, ornate character costumes, seasonal parades, exclusive food and beverage items, and special merchandise. According to Disneyland Resort President Ken Potrock, these popular seasonal changes are made possible by the dedication of Disney’s cast members, who work tirelessly overnight to create magical experiences for guests.

The holiday season is a significant revenue period for Disney, particularly in October and December, which now outpace summer as the parks’ busiest travel months. Gavin Doyle, founder of MickeyVisit.com, attributes this popularity to Disney’s strategy of offering unique, limited-time experiences that draw guests back year after year. The mix of exclusive events and holiday attractions has made Disney’s Halloween and winter seasons a key part of guests’ annual traditions, encouraging repeat visits and longer stays.

Disney’s experiences division, encompassing parks, cruises, hotels, and consumer products, reported $9.13 billion in revenue for the October to December quarter of 2023, far surpassing earnings from other quarters. This year’s Halloween season kicked off early with Mickey’s Not-So-Scary Halloween Party in Florida on August 9 and the Oogie Boogie Bash in California on August 25, extending the Halloween crowds well into summer.

The holiday season will feature festive overlays for iconic Disneyland attractions like Sleeping Beauty’s Castle, It’s a Small World, and the Haunted Mansion, with holiday-themed parades and fireworks beginning November 15. In Florida, Mickey’s Very Merry Christmas Party starts November 8, followed by Jollywood Nights on November 9, with attractions like Space Mountain and the Jungle Cruise getting holiday-themed updates. Themed character interactions, Christmastime parades, and fireworks displays further enhance the seasonal atmosphere, offering guests new surprises with each visit.