BUZZ-Nvidia extends gain, Intel tumbles in 2024

** Shares of AI chip giant Nvidia NVDA.O have surged ~178% so far this year, after more than tripling in 2023

** Nvidia briefly became the world's most valuable company earlier this year and is set to add $2.15 trillion to its market valuation in 2024, putting it on track to end the year with a market cap of $3.37 trillion

** Intel INTC.O is set for its worst drop in at least two decades

** INTC was replaced by NVDA on the blue-chip Dow Jones Industrial Average index .DJI

** Analysts expect Intel to report its first annual net loss this year since 1986

** Broadcom AVGO.O is set for its highest yearly gain in at least 15 years, riding on demand for networking chips used in data centers that process artificial intelligence workloads

** The Philadelphia SE Semiconductor .SOX index is set to gain ~20% this year; the market benchmark hit a record intraday high of 5,931.83 earlier this year

(Reporting by Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))