- Joseph K
Apple is no longer king of the Dow. Meet tech's new leader
Meet the new tech king of the Dow: Salesforce. The software company, which debuted in the Dow on Monday, is now the index's third-largest holding. Both Salesforce's (CRM) inclusion and its high weighting might seem odd to investors at first blush. It was chosen over two other trillion-dollar companies, Amazon (AMZN) and Google owner Alphabet (GOOGL), and it's an even bigger part of the Dow than more established Dow tech stalwarts Microsoft (MSFT), IBM (IBM), Apple (AAPL), Cisco (CSCO) and Intel (INTC). Salesforce's market value is $240 billion, compared to Apple's more than $2 trillion and Microsoft's $1.7 trillion.