Marvell Technology's stock jumped nearly 9% in premarket trading after the company was announced to join the S&P 500 index on June 22. The AI chipmaker, valued at $230 billion, has gained over 210% year-to-date, boosted by Nvidia CEO Jensen Huang's endorsement calling it the "next trillion-dollar company." Marvell specializes in high-performance chips for AI, cloud computing, and 5G networks, and recently beat earnings estimates with strong revenue growth. Its inclusion in the S&P 500 reflects its rising prominence in the tech sector and could attract more investor interest.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
