They might be an outlier in terms of current profit metrics, but they are still the market leader in the CPU space, and not by a small margin.

I would consider it foolish to disregard the metrics of a company that holds in the neighborhood of 75% of market share in a critical tech market.

Comparing Nvidia to Intel is more difficult because Intel is comparatively a bit player in the GPU market. Adding NVDA is not the issue; it's an important market segment, and they're the leader. Deleting Intel is an issue. CPUs are and will remain a vital component of the tech market, and thus, so will Intel for the foreseeable future.

So long story short, this makes the Dow start looking like a better indicator of hype than overall market health IMHO. I don't want my market index to cherry-pick only the ones that are rising.

You are certainly free to disagree ;) Again, I'm hardly an expert investor.