Nvidia set to replace Intel in Dow Jones index – Times of India-OxBig News Network

Nvidia, the chipmaker at the heart of the artificial intelligence boom, is joining the oldest of Wall Street’s three main equity benchmarks.
The company will replace rival Intel in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov 8, S&P Dow Jones Indices said in a statement late Friday. Sherwin-Williams is also joining, replacing Dow.
The addition of Nvidia to the blue-chip index is a testament to the power of the AI-driven rally that’s pushed the chipmaker up 900% in the past 24 months. The Dow Jones Industrial Average was the only major US equity benchmark that didn’t hold Nvidia – until now.