Marvell Technology, Flex to join S&P 500 later this month

Marvell Technology and Flex will join the S&P 500 in the latest quarterly rebalance. The semiconductor company and electronics manufacturing firm will replace Pool Corp. and The Campbell's Company before June 22 trading. Marvell exceeded earnings forecasts and boosted its annual outlook due to AI data center chip demand. Flex issued 2027 profit guidance above estimates. The companies are set to trade on the index starting June 22.