With Nvidia Replacing Intel in the Dow Jones, Is It Time to Redefine What It Means to Be a Blue Chip Stock?

Some Dow Jones components are far from passive income powerhouses.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.Here's why the shakeups in the 128-year-old index reflect broader market leadership, and why the very definition of what it means to be a blue chip stock could need an update. In ...