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Marvell Technology Added to S&P 500 Index, Effective June 22

2026-06-06 07:04:02

According to S&P Dow Jones Indices, chip designer Marvell Technology (MRVL) will be added to the S&P 500 Index before the market open on June 22, replacing Pool Corp. Marvell qualified by meeting profitability requirements, having recorded GAAP earnings in its most recent quarter and maintaining profitability over the past four quarters. The stock surged 6% after-hours on the announcement and has gained 29% this week, with year-to-date gains exceeding 300%. As of Friday's close, Marvell's market capitalization stands at $276.8 billion, buoyed by AI infrastructure demand and expectations for custom-designed AI chips used by cloud service providers.

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