Wall Street in terms of market value, but in the eyes of the 128-year-old Dow Jones Industrial Average, its stock is ranked well below average. The semiconductor maker and leader of the artificial-intelligence boom officially became a member of the venerable index at 9:30 a.

Nvidia has become a member of the Dow Jones Industrial Average Friday, replacing storied chipmaker Intel as the artificial intelligence darling cements its position as the world’s most valuable company.

Nvidia has emerged as a cornerstone of the global semiconductor industry, and shares have risen more than two-fold this year alone.

A $1 gain in UnitedHealth would represent only a 0.18% change for the stock, compared to a significant 4.31% move for Intel. For Nvidia, a $1 change would be about 0.74%. Despite these percentage differences, the effect on the Dow remains the same. A $1 move in any Dow stock translates to roughly 6.6 points on the index.

AI chipmaker Nvidia has officially joined the Dow Jones Industrial Average, replacing its struggling counterpart Intel.

The ins and outs of membership in the 30-company group that represents success across industries and reflects stock market conditions.

The Dow has become way more tech-focused in recent years with the additions of Salesforce, Amazon, and Nvidia. Sherwin-Williams better represents the materials sector than Dow Inc. In the Dow, companies with higher stock prices have higher weightings.