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Sign InVeeva Systems is set to join the S&P 500 index effective prior to the market open on Thursday, May 7. The cloud computing specialist will replace Coterra Energy Inc., which is being removed following its acquisition by Devon Energy Corp. This inclusion comes at a critical juncture for Veeva Systems, as the company has faced significant investor pressure this year amid concerns over potential AI-driven disruptions to its business model. Historically, addition to the S&P 500 triggers substantial buying activity from index-tracking funds and institutional investors. The move highlights the ongoing rebalancing of major benchmarks driven by consolidation in the energy sector. Market participants will be watching closely to see if this milestone can offset recent bearish sentiment surrounding the stock.