Marvell Technology Jumps 8.8% in Premarket After S&P 500 Inclusion Announcement

According to S&P Global, Marvell Technology surged 8.8% in premarket trading on Monday (June 8) after the AI chipmaker was announced to join the S&P 500 index effective June 22. The semiconductor company, which trades on Nasdaq, will sit alongside 500 leading U.S. companies. Marvell has gained 210% year-to-date, with a current market capitalization of $230 billion.
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