On Friday, S&P Dow Jones Indices announced that AI chipmaker Nvidia will replace Intel in the Dow Jones Industrial Average, marking a seismic shift in the semiconductor industry and ending Intel's 25-year run on the prestigious stock market index.

The AI chip maker will join the 30-company stock indexm which is seen as a bellwether for U.S. economic fortunes.

It’s the second time this year that the influential stock market index is seeing a shakeup. Here’s what to know. For the second time in 2024, the Dow Jones Industrial Average (INDEXDJX: .DJI) is getting a shakeup.

In today's video, I discuss what Nvidia (NASDAQ: NVDA) and Intel (NASDAQ: INTC) stock investors need to know about recent updates. To learn more, check out the short video, consider subscribing, and click the special offer link below.

Nvidia (NVDA) shares rose 1% in Monday morning trading as the AI chipmaker is set to join the Dow Jones Industrial Average, which comprises the 30 leading U.S. stocks. This inclusion marks a significant milestone for Nvidia and reflects its growing influence in the tech and AI sectors.

The change, starting next Friday, lifts a dominant player in artificial intelligence over its chip-making rival, which has struggled to keep up.

Intel (NASDAQ: INTC) stock popped Friday after it reported ugly third-quarter results but its outlook for the fourth quarter was better than expected. However, the celebration was short-lived, as S&P Global announced after hours that rival Nvidia would replace Intel in the Dow Jones Industrial Average (DJINDICES: ^DJI).