Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry

Nvidia is replacing Intel connected nan Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor institution that has fallen down arsenic Nvidia cornered nan marketplace for chips that tally artificial intelligence systems

NEW YORK -- Nvidia is replacing Intel connected nan Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor institution that has fallen down arsenic Nvidia cornered nan marketplace for chips that tally artificial intelligence systems.

Paint-maker Sherwin-Williams will besides switch chemic institution Dow Inc. among nan companies that dress up nan 30-stock average.

S&P Dow Jones Indices said Friday that nan changes that return effect Nov. 7 “were initiated to guarantee a much typical vulnerability to nan semiconductors manufacture and nan materials assemblage respectively.”

It added that because nan Dow is price-weighted, “persistently little priced stocks person a minimal impact.”

Dow Inc., a awesome shaper of chemicals and plastics and unrelated to nan likewise named institution down nan index, has besides been nan smallest institution connected nan Dow successful position of marketplace capitalization.

In different index, nan Dow Jones Utility Average, Texas-based power institution Vistra will switch Virginia-based AES Corp.