Intel (NASDAQ: INTC) stock is seeing significant gains in Wednesday's trading. The semiconductor company's share price was up 3.5% as of 2:15 p.m. ET and had been up as much as 3.8% earlier in the daily sessions.

Intel (NASDAQ: INTC) stock is losing ground in Tuesday's trading. The chip company's share price was down 3.8% as of 11:45 a.m. ET and had been down as much as 4.6% earlier in the day's session. Intel stock is falling today amid concerns that the company ...

Intel's removal from the Dow doesn't really impact the business, but it will lead exchange-traded funds (ETFs) that track the Dow to sell the stock when the Dow makes the switch on Nov. 8. That's not as significant as being removed from the S&P 500 since not as many ETFs follow the Dow, but it still leads to greater supply and less demand.

Intel (NASDAQ: INTC) stock has been up over 12% recently, and the outcome of the U.S. presidential election could help it gain market share. Read More: Earn up to $845 cash back this year just by changing how you pay at Costco!