Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's
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- Marvell Technology will join the S&P 500 on June 22, replacing Pool Corp.
- Flex will join the S&P 500 on June 22, replacing The Campbell’s Company.
- Marvell stock rose 5% in extended trading after CEO Jensen Huang said it could be the “next trillion‑dollar company.”
- Flex stock rose 4% in extended trading; the contract manufacturer serves Apple and Nvidia.
- Nvidia invested $2 billion in Marvell and its CEO called Marvell the “next trillion‑dollar company.”
Why it matters: Investors in Marvell and Flex gain immediate price boosts—5% and 4% respectively—while the S&P 500 composition shifts toward tech, potentially increasing demand for semiconductor and contract‑manufacturing exposure among index funds.
