The change of replacing Intel with Nvidia in the Dow Jones industrial average reflects Nvidia's significant rise in importance due to its dominance in AI technology.
Nvidia established an early foothold in the A.I. revolution, tailor-making its chips for machine learning tasks and building a community of A.I. programmers eager to develop on its hardware.
Jensen Huang, Nvidia's chief executive, emphasized the company's innovative approach: "This is a reinvention of how computing is done, built from the processor to the end."
With a market cap around $3.32 trillion, Nvidia has become the second-most-valuable company, capitalizing on a strategic stock split to attract retail investors.