• Nvidia, a leader in artificial intelligence, and Sherwin-Williams, a prominent paint manufacturer, are poised to be added to the Dow Jones Industrial Average, taking the places of Intel and the chemical company Dow.
  • These adjustments will be implemented before trading begins next Friday, November 8, as announced by S&P Dow Jones Indices.
  • Following this announcement, shares of Nvidia and Sherwin-Williams experienced an increase in after-hours trading on Friday, while shares of Dow and Intel saw a slight decline.

Nvidia (NVDA), a prominent player in artificial intelligence, is poised to be added to the Dow Jones Industrial Average, taking the place of the well-established chip manufacturer Intel (INTC).

This transition will be implemented before trading begins next Friday, November 8, as announced by S&P Dow Jones Indices, the organization responsible for managing the index.

Additionally, Sherwin-Williams (SHW) will also be included in the index, replacing the chemical company Dow (DOW).

Following this announcement, Nvidia's stock rose by 3% in after-hours trading on Friday, while Sherwin-Williams experienced a 5% increase. Conversely, shares of Dow and Intel saw slight declines.

Nvidia's Rise Amid Intel's Challenges  

This change comes on the heels of a remarkable year for Nvidia, with its stock price more than doubling since the beginning of 2024, driven by a surge in demand for its AI chips.

The company has recently surpassed Microsoft (MSFT) to become the second-largest firm globally by market capitalization and is rapidly approaching Apple (AAPL) for the top position.

In contrast, Intel's stock has plummeted by over 50% since the year's start, as the company embarks on a significant restructuring effort to revitalize its operations. This decline occurred despite a nearly 8% increase in its stock price during Friday's regular trading session, following a report of better-than-expected third-quarter sales.