The Dow Jones Industrial Average ( ^DJI 0.59%) is making its second major change in 2024. Earlier this year, Amazon ( AMZN -0.89%) replaced Walgreens Boots Alliance. Now, Nvidia ( NVDA -0.84%) is swapping with Intel, and Sherwin-Williams is replacing chemical giant Dow.

Intel Corporation INTC has relinquished its coveted position on the Dow Jones Industrial Average (“DJIA”) — a leading stock market index of 30 blue-chip firms — to NVIDIA Corporation NVDA. The radical shakeup marks a significant shift in the semiconductor ecosystem with the growing dominance of AI (artificial intelligence) and ends Intel's 25-year run in DJIA.

KEY TAKEAWAYS Nvidia joined the Dow Jones Industrial Average Friday, replacing storied chipmaker Intel as the artificial intelligence darling cements its position as the world’s most valuable company.