Nvidia (NVDA) joined the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average Friday, replacing storied chipmaker Intel (INTC) as the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) darling cements its position as the 澳洲幸运5官方开奖结果体彩网:world’s most valuable company.

The change took effect prior to the start of trading, according to S&P Dow Jones Indices, which manages the blue-chip index, in an announcement at the start of the month.

Nvidia shares, which are little changed Friday, have risen nearly three-fold since the start of the year, driven by insatiable demand for the company’s family of AI chips— including its next generation Blackwell 澳洲幸运5官方开奖结果体彩网:graphics processing units (GPUs). The AI boom has helped the chip designer to leapfrog Microsoft (MSFT) and Apple (AAPL) to become the 澳洲幸运5官方开奖结果体彩网:most valuable publicly listed company in the world.

Intel Stock is Down Almost 50% This Year

Nvidia stock has hit record highs since the announcement of its inclusion in the 🐼blue-chip index at the start of the month.

In contrast, Intel shares are down almost 50% this year, as it 澳洲幸运5官方开奖结果体彩网:struggles with a costly turnaround under 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Pat Gelsinger. 

Paint maker Sherwin-Williams (SHW) also became a member of the blue-chip index Friday, supplanting chemical giant Dow (DOW). 

Sherwin-Williams shares are unchanged, but are up 23% this year. Intel is down almost 1% Friday.

UPDATE—Nov. 8, 2024: This article has been updated to include fresh stock prices.