For more than 128 years, the iconic Dow Jones Industrial Average ( ^DJI 0.85%) has served as a barometer of Wall Street's health. Over that time, it's evolved from an index that contained a dozen (mostly) industrial stocks to one that now houses 30 diverse, multinational businesses.

Nvidia Corp., the chipmaker at the heart of the artificial intelligence boom, is joining the oldest of Wall Street’s three main equity benchmarks. The company will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov.

(Reuters) -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.