All of this has made Nvidia one of the key companies powering today's economy and helped the stock soar 173% so far this year. And this has led the tech giant to its latest milestone. Nvidia is set to join the Dow Jones industrial Average this week,

Although Nvidia has an outsized influence on the movements of the cap-weighted benchmarks, at current prices NVDA stock will be as important to the DJIA as, roughly, 3M ( MMM ). There's also the fact that it would have been nice if the keepers of the Dow had made this move sooner rather than later.