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

The Dow Jones Industrial Average (DJIA) rose into fresh all-time highs on Friday, clipping into 44,000 as stocks lean firmly bullish to close out a record week. The Dow had its best week since October of 2023, rising nearly 5% and piercing record bids three days in a row.

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.

For Nvidia (NVDA) , this has been the best of years. The company, led by Jensen Huang, makes the graphic processing chips that are the foundation of artificial intelligence, and everyone wants a piece of the company.

Sherwin-Williams (NYSE:SHW) on Monday rose as much as 7.1% to become one of the day's biggest large-cap gainers as investors prepare for the addition of the maker of paints and coatings to the Dow Jones Industrial Average (DJIA).

Chip giant Nvidia will join the Dow Jones Industrial Average, the iconic Wall Street index announced Friday, underscoring the importance of artificial intelligence in the US economy.

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,