Marvell (MRVL) to Join S&P 500 Index

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 Best Performing Growth Stocks So Far in 2026. On June 5, Reuters reported that Marvell Technology, Inc. (NASDAQ:MRVL) is set to join the S&P 500 later this month.

After the company met a key profitability requirement thanks to an AI-fueled rally, S&P ​Dow Jones Indices said the company will be added to the benchmark index before the start of trading on June 22. Following the report, the stock jumped nearly 6% in extended trading.

Marvell (MRVL) to Join S&P 500 Index

This comes after Marvell Technology, Inc. (NASDAQ:MRVL) reported a GAAP profit in the three months ending in December and over the sum of its most recent four quarters. This helped the company clear a key hurdle that had previously prevented it from being included in the index.

Marvell Technology, Inc. (NASDAQ:MRVL) has performed strongly in 2026, with its share price more than tripling. This performance has been supported by a broader rally in chip stocks on expectations for strong AI-related demand. Recently, the stock received a boost after NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang called Marvell Technology, Inc. (NASDAQ:MRVL) the “next trillion dollar company.”

In its latest quarterly earnings report, Marvell Technology, Inc. (NASDAQ:MRVL) projected that its custom chip business would surpass $10 billion in revenue in fiscal 2029.

Marvell Technology, Inc. (NASDAQ:MRVL) is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.

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