NVIDIA NVDA, the darling of artificial intelligence (AI), will join the 128-year-old blue-chip index, Dow Jones Industrial Average, on November 8, before the market opens, replacing chipmaker Intel INTC. The reshuffling reflects a notable milestone, pointing to continued growth for the chipmaker and underscoring the rapid rise in market value during the AI ​​boom.

NVIDIA has done well this year, overtaking Apple AAPL as the world’s most valuable company. Most analysts believe that NVIDIA will become much more valuable in the future due to its dominance in the multi-billion dollar market for AI chips. The stock is up 170% so far this year and a whopping 910% in the past two years. The chipmaker accounts for 7% of the weight of the S&P 500 Index and is responsible for about a quarter of the benchmark’s 21% gain this year.

This shift was prompted by NVIDIA’s recent 10-for-1 stock split, which reduced the stock’s weighting in the index. The Dow is a price-weighted index. Stocks that fetch higher prices are therefore given more weight. The addition of NVIDIA highlights the Dow Jones’ alignment with market shifts toward AI-driven innovation, a theme that continues to drive investor interest.

NVIDIA is the global leader in AI chip design and software, holding between 80% and 95% of the market, according to Reuters. Its success is largely attributed to its leadership in the development of advanced graphics processing units (GPUs), which are unparalleled in producing processors that power AI systems, including generative AI, the technology that powers OpenAI’s ChatGPT and which processes text, images and other can create media.

Major cloud service providers rely on NVIDIA GPUs to train and run AI applications. The company’s customer base includes around 20,000 start-ups, in addition to big names such as Microsoft, Alphabet and Amazon.

CEO Jensen Huang expects the data center business to grow “pretty significantly” next year and said demand for its AI GPU called Blackwell is “insane.” It expects billions of dollars in revenue from the new product in the fourth quarter. The chipmaker is looking to expand production, partnering with Foxconn to build the world’s largest Blackwell manufacturing facility in Mexico. Analysts at Morgan Stanley project that Blackwell could bring in $10 billion in additional revenue before the end of the year (read: NVIDIA Stock Up 155% on the Year: Still a Buy? Related ETFs to Consider).

NVIDIA’s next-generation GPU chip is expected to generate another round of massive growth. The AI ​​chipmaker unveiled a powerful version of its Blackwell chip – the Blackwell Ultra – that will hit the market in 2025, followed by a new AI chip platform, Rubin, in 2026. The company will launch an Ultra version of Reveal Rubin.

With the inclusion of NVIDIA, the Dow Jones now includes $4 trillion in technology leaders – Apple, Microsoft (MSFT), Salesforce (CRM) and NVDA – reflecting the blue chip index’s growing emphasis on companies leading the way field of AI and cloud technologies. This is the second time this year that the Dow Jones has suffered a shake-up. In February, Amazon replaced Walgreens on the index.

Against this backdrop, investors looking to harness the potential strength of the Dow Jones trend might want to consider doing so SPDR Dow Jones Industrial Average ETF DIA, iShares Dow Jones US ETF IJJ, Invesco Dow Jones Industrial Average Dividend ETF DJD and First Trust Dow 30 Equal Weight ETF EDOW.

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