Intel will be replaced by Nvidia in the Dow Jones industrial average after a 25 year run, signaling a shift in the semiconductor industry.

The swap reflects their reversal of fortunes within the tech industry and would have been unthinkable a few years ago.

The Dow Jones Industrial Average ( ^DJI 0.59%) is making its second major change in 2024. Earlier this year, Amazon ( AMZN -0.89%) replaced Walgreens Boots Alliance. Now, Nvidia ( NVDA -0.84%) is swapping with Intel, and Sherwin-Williams is replacing chemical giant Dow.

Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm.

Nvidia is set to replace Intel on the Dow Jones Industrial Average, highlighting the shift toward AI-driven technologies. Read to know more!

S&P Dow Jones Indices announced the change late Friday, saying the move would "ensure a more representative exposure to the semiconductors industry." Intel stock is down 54% this year. Nvidia's is up 173%.

The Dow Jones Industrial Average held most of its midday gains in the afternoon session Wednesday as an inflation report showed price gains were in line with estimates. Meanwhile, a company backed by artificial intelligence giant Nvidia took a dive in the stock market today.