Marvell Technology's shares surged 10% following confirmation that it will be added to the S&P 500 index during the next quarterly reshuffle. The semiconductor stock has gained over 230% this year and more than 450% in five years, boosted recently by strong earnings and positive remarks from Nvidia's CEO. Inclusion in the S&P 500 typically leads to automatic buying by index funds and ETFs, which could further support the stock price. The changes will take effect on June 22, with Marvell and Flex Ltd replacing Pool Corporation and Campbell’s Co.
The ARTY ETF has surged 102% over the past year, fueled by investments in AI infrastructure companies like NVIDIA, AMD, and Broadcom. Its portfolio focuses on suppliers of AI compute hardware, making it sensitive to capital expenditure (capex) trends...
Traders are showing bearish sentiment on the VanEck Semiconductor ETF (SMH) with put volume more than doubling calls, especially on puts betting on a 7% drop by August 21. Despite this, some chipmakers like Marvell Technology and Intel are seeing str...
The recent market pullback, especially in tech stocks, is viewed as a profit-taking event rather than a sign of stagflation. Strong May payroll data closes the door on interest rate cuts this year, but the selloff is mainly in speculative and AI-rela...
Marvell Technology's stock surged over 300% in a year but recently dropped sharply due to overextended investor positions and weak earnings, with a trailing P/E of 91 and declining net income. Most of its revenue depends on data center customers who ...
Nvidia's endorsement of Marvell Technology highlights Marvell's strategic role in custom silicon and AI networking for hyperscalers. The NVLink Fusion collaboration enhances Marvell's compatibility with hyperscalers' silicon roadmaps, easing adoption...
