Intel shares sink amid concerns it could be delisted from the Dow

Key recommendations

• Shares of Intel fell on Tuesday amid concerns that the stock could be in danger of losing its status as a member of the Dow Jones Industrial Average (DJIA).

• The chip maker’s shares have fallen nearly 60% since the start of the year, making it the worst-performing component of the DJIA.

• Disappointing Q2 earnings results last month sent Intel shares to their lowest level since 2013.

Intel (INTC) shares tumbled more than 8% in intraday trading on Tuesday amid concerns that the chipmaker could be in danger of losing its status as a member of the Dow Jones Industrial Average.

The company was one of the first technology companies to join the 30-stock index in 1999, but disappointing second-quarter earnings results last month sent shares to their lowest level since 2013, with shares down nearly 60% from the beginning of 2024.

The DJIA is a price-weighted index that tracks 30 large, publicly held companies that trade on the New York Stock Exchange and Nasdaq. Intel is the least weighted component of the index, accounting for just 0.3% of last week’s DJIA.

The last DJIA membership change was in February, when Walgreens Boots Alliance (WBA) has been replaced by Amazon (AMZN).

A spokesman for S&P Dow Jones Indices declined to comment on Intel’s status.

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