Artificial intelligence darling Nvidia (NVDA) is set to join the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average, replacing storied chipmaker Intel (INTC). 

The change will take effect prior to the start of trading next Friday, Nov. 8, according to S&P Dow Jones Indices, which manages the blue-chip index.

Paint maker Sherwin-Williams (SHW) is also set to join the index, in the place of chemical giant Dow (DOW). 

Nvidia shares climbed 3% in extended trading Friday following the news, while Sherwin-Williams jumped 5%. Dow's stock price edged lower, as did Intel's.

Change Comes After Gains fꦇor Nvidia, Intel Struggles

The announcement comes after a torrid year so far for Nvidia, with shares more than doubling in value since the start of 2024 as 澳洲幸运5官方开奖结果体彩网:demand for its AI chips surged. 

The chipmaker recently 澳洲幸运5官方开奖结果体彩网:overtook Microsoft (MSFT) as the world’s second-largest company by 澳洲幸运5官方开奖结果体彩网:market capitalization and has been closing in on Apple (APPL) for the top spot. 

Intel shares have lost more than half their value since the start of the year, as the chipmaker 澳洲幸运5官方开奖结果体彩网:undergoes a massive restructuring to turn around the business. That's despite a nearly 8% pop in Friday’s regular session after the chipmaker reported 澳洲幸运5官方开奖结果体彩网:better-than-expected sales for the third quarter.