Marvell to join S&P 500

 The shares of Marvell Technology Inc. popped in the premarket on Monday after news that the business would join the S&P 500 index.

The firm will start trading on the stock exchange, which tracks the performance of 500 of the biggest publicly traded United States companies, on June 22. Another entity joining the index is Flex Ltd. The two will replace Pool Corp and The Campbell's Company. In addition, Marvell was recently praised by Nvidia Corp. CEO Jensen Huang, who said that it is "the next trillion-dollar company."

Marvell's stock rallied 9.24% at 7:45 am ET, going for $287.81 apiece.

https://breakingthenews.net/Article/Marvell-jumps-over-9-in-premarket/66461863