Asia Tech Wire (Nov 4) -- Nvidia rose nearly 3% during pre-market trading on Monday, as the company will replace Intel to join a chip-focused Dow Jones index.

After trading on Friday, S&P Global released a statement that S&P Dow Jones Indices makes adjustments to the Dow Jones Industrial Average, with Nvidia replacing Intel as a part of it, effective Nov. 8.

S&P Global said the adjustment serves to ensure that the index has a more representative exposure to semiconductors.

The change also marks a historic moment for the semiconductor industry, as Nvidia, the artificial intelligence chip industry leader, replaces embattled rival Intel, which has been a Dow Jones Industrial Average component since 1999.

Versus Nvidia, Intel fell nearly 3% during pre-market trading Monday.