Nvidia to replace Intel in Dow Jones Industrial Average on November 8

Nvidia will replace Intel in the Dow Jones Industrial Average on November 8, marking a significant shift as Nvidia's market value has surged to $3.32 trillion amid the AI boom. This change reflects a trend towards including more relevant companies in the index. Intel, which has struggled recently, was added to the Dow in 1999 but has seen its shares drop 54% this year. The Dow's latest update also includes Sherwin-Williams, replacing Dow Inc., as the index evolves to better represent current market leaders. The Dow Jones Industrial Average, established 128 years ago, has faced criticism for lacking technology stocks. Nvidia's inclusion follows a recent trend of updating the index, which now features a mix of sectors, including technology and healthcare.