CNBC
05 Jun 2026, 21:36 UTC · 2h ago
Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's
CNBC
05 Jun 2026, 21:36 UTC · 2h ago
Story key points
3 claims · impact-rated
Marvell Technology and Flex will join the S&P 500 index on June 22. — Index inclusion typically triggers mandatory buying from passive funds and increases institutional visibility.
+0.60Nvidia has invested $2 billion into Marvell Technology. — Direct investment from the industry leader serves as a strong fundamental endorsement of Marvell's AI infrastructure role.
+0.50Pool Corp and The Campbell's Company will be removed from the S&P 500 index. — Removal from the benchmark often leads to selling pressure from index-tracking funds.
-0.40Ticker attribution
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The company is joining the S&P 500, received an investment from Nvidia, and was praised by Jensen Huang.
The company is joining the S&P 500 and saw a 4% rise in extended trading.
The company is being removed from the S&P 500 index.
The company is being removed from the S&P 500 index.
Mentioned as a strategic partner and investor in Marvell, and a client of Flex.
[mutual] Nvidia CEO discussed a partnership between the two chipmakers and Nvidia invested $2 billion into Marvell.
[a_to_b] Flex provides manufacturing services to Apple.
[a_to_b] Flex provides manufacturing services to Nvidia.
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