Intel Was Just Dropped From the Dow. History Says This Is What Will Happens Next.

The legacy chipmaker faces another challenge.Intel (INTC -2.93%) stock popped Friday after it reported ugly third-quarter results but its outlook for the fourth quarter was better than expected. However, the celebration was short-lived, as S&P Global announced after hours that rival Nvidia would replace Intel in the Dow Jones Industrial Average (^DJI -0.61%).S&P Global said that the move would give a more representative exposure to the semiconductor industry as the Dow Jones is a price-weighted index and Nv ...