NVIDIA Added to S&P 500 Index
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SANTA CLARA, CA — NOVEMBER 29, 2001 — NVIDIA Corporation (Nasdaq: NVDA) today announced Standard & Poor’s will include the Company in the S&P 500 Index after the close of trading on Thursday, November 29, 2001.
NVIDIA will be replacing Enron Corp. (NYSE: ENE) in the index. The index committee of Standard & Poor’s stated that NVIDIA will be added to the S&P 500 GICS (Global Industry Classification Standard) Semiconductors sub-industry group and the Electronics (Semiconductors) industry group.
The S&P 500 Index consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market-value weighted index (stock price times number of shares outstanding), with each stock's weight in the index proportionate to its market value. The "500" is one of the most widely used benchmarks of U.S. equity performance and is held broadly by U.S. and international index funds.
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