Nvidia to Join Dow Jones Industrial Average, Replacing Rival Chipmaker Intel

With the addition of Nvidia, four of the six trillion-dollar tech companies are now in the index.

Nvidia is replacing rival chipmaker Intel in the Dow Jones Industrial Average, a shakeup to the blue-chip index that reflects the boom in artificial intelligence and a major shift in the semiconductor industry.

The switch will take place on Nov. 8. Also, Sherwin Williams will replace Dow Inc. in the index, S&P Dow Jones said in a statement.

Nvidia shares …