Its products are used in gaming devices, data centers, and automobiles. The company operates in two segments: Graphics and Computing and Networking. Santa Clara, Calif.-based NVIDIA Corporation ( NVDA ) is a leading semiconductor and networking solutions firm located in the United States. So, let's evaluate if it is worth betting on the stock now. (It since completed another 4-for-1 split in 2020.Despite posting impressive third-quarter earnings results, semiconductor chipmaker NVIDIA's (NVDA) shares plunged nearly 5% in price in late trading yesterday, owing to its weaker-than-expected outlook for the coming quarter. The last major tech company to join the Dow was Apple, which was added in March 2015, a mere nine months after completing a 7-for-1 split, the fourth split in its history. Other techs that could remain vulnerable include Cisco, the fourth-least-influential stock in the index, and IBM, which has the eighth-smallest weighting and has now completed the spin-off of its Kyndryl-managed infrastructure unit. If added to the index, Nvidia would have the sixth-largest weighting in the Dow – far more than the Dow's least impactful stock, fellow competitor Intel, which is sitting under $48. The chipmaker split its stock 4-for-1 back in July, and its price is now sitting at $230. On top of Alphabet and Amazon, Nvidia could be waiting in the wings too. Walgreens is the second-least-influential stock in the price-weighted index, sitting at $48. And although Walgreens is a Consumer Staples stock, replacing it with Amazon would still give the consumer retail good representation. Perhaps the Dow index committee may consider giving Walgreens the boot from the index as that company reevaluates its Boots unit.

Nvda split rumors