Marvell Technology, a chipmaker involved in AI infrastructure, and Flex, an electronics contract manufacturer, will join the S&P 500 index on June 22. They replace Pool Corp and The Campbell's Company. Marvell's stock rose 5% after Nvidia's CEO praised its potential and Nvidia's $2 billion investment. Flex, serving clients like Apple and Nvidia, also saw a 4% stock increase. This addition highlights the growing influence of tech companies in the stock market.
S&P Dow Jones Indices announced changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective June 22, 2026. The updates include adding and removing several companies to better reflect their market capitalization categories. Notable ...
On June 5, chip maker stocks led losses in the S&P 500 with Micron falling 13%, Intel and Sandisk down 11%, and Marvel Technology dropping 16.7%. Despite the sharp declines, these stocks have seen strong gains earlier in 2026, with Micron up 249% and...
Major semiconductor stocks experienced a sharp sell-off on Friday, leading to the PHLX Semiconductor Index dropping 10.3%, marking its largest single-day decline since March 2020. This downturn reflects investors moving away from momentum stocks amid...
Goldman Sachs projects annual AI capital spending to reach $765 billion by 2026 and $1.6 trillion by 2031, driving growth in AI-focused investment funds. Three active or active-leaning ETFs—iShares A.I. Innovation and Tech Active ETF (BAI), iShares F...
The S&P 500 is set for its quarterly rebalance, with potential new additions including Marvell Technology and Reddit. The index committee reviews and updates the benchmark index every quarter to reflect market changes. Announcements about any changes...
