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.

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.

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

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.