S&P Dow Jones Indices announced that chipmaker Marvell Technology is set to join the benchmark S&P 500 index following a surge in its market capitalization to approximately $275 billion by early June 2026. This inclusion coincided with a $2 billion investment from NVIDIA as part of an expanded collaboration between the two firms. The final index update confirmed that both Marvell Technology and Flex will be added to the S&P 500.
The semiconductor firm's shares gained following its addition to the benchmark index and the reiteration of its quarterly financial guidance.
Read the full storyS&P Dow Jones Indices adds Marvell Technology and Flex to the S&P 500 following a significant surge in their market capitalization.
A strategic $2 billion investment from chip giant NVIDIA into Marvell aims to deepen collaboration in advanced semiconductors and AI data center growth.
In a move reflecting structural market shifts, S&P Dow Jones Indices announced that Marvell Technology and Flex are set to join the benchmark S&P 500 index.
The semiconductor firm is the leading contender for the upcoming S&P 500 rebalancing, potentially triggering significant passive fund inflows.