NVIDIA (NVDA) joined THE Dow Jones Industrial Average Friday, replacing the famous chip manufacturer Intel (INTC) like the artificial intelligence (AI) darling cements her position as the most valuable in the world business.

The change took effect before trading began, according to S&P Dow Jones Indices, which manages the blue-chip index, in an announcement earlier this month.

Nvidia shares, little changed in premarket trading, have nearly tripled since the start of the year, driven by insatiable demand for the company’s family of AI chips, including its next-generation Blackwell. graphics processing units (GPUs). The AI ​​boom helped the chip designer overtake Microsoft (MSFT) and Apple (AAPL) to become the the most precious publicly traded company worldwide.

Intel shares are down nearly 50% this year

Nvidia stock has reached record highs since announcing its inclusion in the blue chip index earlier this month.

In contrast, Intel shares have fallen nearly 50% this year as fights with a costly recovery under Chief Executive Officer (CEO) Pat Gelsinger.

Paint manufacturer Sherwin-Williams (SHW) also became a member of the star stock index on Friday, supplanting chemical giant Dow (DOW).

Sherwin-Williams shares are flat premarket, but are up 23% this year. Intel is down 1%.