business
Marvell stock surges on S&P 500 inclusion
Key takeaways
- What s behind the move: The semiconductor company, listed on Nasdaq, will officially join the S&P 500 (^GSPC) index on June 22.
- What else you need to know: The custom chipmaker s market cap sat at around $230 billion on Monday, with shares up more than 210% year to date.
- Last month, memory chipmakers Micron Technology (MU), Samsung Electronics (005930.KS), and SK Hynix (000660.KS) all made headlines as they reached $1 trillion valuations for the first time.
Marvell stock surges on S&P 500 inclusion Ines Ferré · Senior Business Reporter Mon, June 8, 2026 at 7:12 PM GMT+7 1 min read MRVL NVDA ^GSPC MU 005930.KS What happened: Marvell Technology (MRVL) stock surged 9% in premarket on Monday.
What s behind the move: The semiconductor company, listed on Nasdaq, will officially join the S&P 500 (^GSPC) index on June 22.
Monday morning s gains put Marvell on track to recover some of Friday s losses following a market-wide sell-off. Marvell stock has rallied sharply in recent weeks, fueled in part by comments from Nvidia (NVDA) CEO Jensen Huang, who described the chipmaker as "the next trillion-dollar company.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop