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.

Like Nvidia, Sherwin-Williams has been a market-outperforming stock. It is up over 50% in the last year, has doubled in the last five years, and is up nearly fivefold in the last decade. Ultimately, Dow components are meant to represent the best of their ...

KEY TAKEAWAYS Nvidia joined 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.