The historic addition of artificial intelligence (AI) colossus Nvidia may spell trouble for Wall Street's most iconic index.

It’s the second time this year that the influential stock market index is seeing a shakeup. Here’s what to know. For the second time in 2024, the Dow Jones Industrial Average (INDEXDJX: .DJI) is getting a shakeup.

S&P Dow Jones Indices announced that Sherwin-Williams will replace Dow Inc. (NYSE:DOW) in the 30-stock DJIA prior to the opening of trading on Friday, Nov. 8. Also that day, chipmaker NVIDIA Corp. (Nasdaq: NVDA) will replace Intel Corp. (Nasdaq: INTC) in the DJIA.

When the Dow Jones was officially incepted on May 26, 1896, it was comprised of a dozen companies, most of which were tied to the industrial sector. Today, it contains an assortment of 30 historically profitable, time-tested, industry-leading businesses.

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

U.S. stocks were higher after the close on Friday, as gains in the Consumer Goods, Utilities and Financials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.63% to hit a new all time high,