Nvidia's inclusion in the Dow Jones Industrial Average is another recent milestone. The chip giant will replace Intel on Friday.

Demand for Nvidia's chips to power artificial intelligence technology has surged, sending Nvidia's revenue and stock price to record highs this year. Nvidia (NVDA) shares rose Tuesday, pushing the chipmaker back into the top spot on the list of the world's ...

Also know that, unlike the S&P 500 or the Nasdaq Composite, the Dow is weighted by price rather than by market cap. Although Nvidia has an outsized influence on the movements of the cap-weighted benchmarks, at current prices NVDA stock will be as important to the DJIA as, roughly, 3M ( MMM ).

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

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