Nvidia Replaces Intel on Dow Jones Amid Semiconductor Shift

Nvidia will replace Intel on the Dow Jones Industrial Average on November 7, completing Intel's 25-year cut from the index. Nvidia's stock has soared over 170% this year, while Intel's shares fell by over 50%. This replacement reflects the growing prominence of AI technology, where Nvidia dominates with its chips. Sherwin-Williams will also join the Dow, replacing Dow Inc. The Dow adjustments aim for improved representation of the semiconductor and materials industries. Nvidia's strong performance highlights its critical role in the AI market, contrasting with Intel's ongoing struggles.