Chip giant Nvidia will join the Dow Jones Industrial Average, the iconic Wall Street index announced Friday, underscoring the importance of artificial intelligence in the US economy.

Nvidia is joining the Dow Jones Industrial Average. A look at where one of the largest companies in the world will rank in the key market index.

Nvidia will replace Intel in the Dow Jones Industrial Average. This change, scheduled to take effect on November 8, 2024, highlights the growing importance of artificial

The historic addition of artificial intelligence (AI) colossus Nvidia may spell trouble for Wall Street's most iconic index.

A $1 gain in UnitedHealth would represent only a 0.18% change for the stock, compared to a significant 4.31% move for Intel. For Nvidia, a $1 change would be about 0.74%. Despite these percentage differences, the impact on the Dow remains the same. A $1 move in any Dow stock translates to roughly 6.6 points on the index.

In a major overhaul of the Dow Jones Industrial Average, S&P Dow Jones Indices says that Nvidia ( NVDA, Financial) will replace Intel ( INTC, Financial) in the 30-company index from November 8. This change will end Intel's quarter-century stint on the Dow and show Nvidia's mostly unrivaled market relevance alongside giants like Microsoft ( MSFT,

Nvidia’s shares have surged over 170% in 2024, following a 240% jump last year, while Intel’s stock has declined by more than 50%, highlighting the evolving dynamics within the semiconductor industry.

The Dow Jones Industrial Average held most of its midday gains in the afternoon session Wednesday as an inflation report showed price gains were in line with estimates. Meanwhile, a company backed by artificial intelligence giant Nvidia took a dive in the stock market today.