ChipsThe Motley Foolabout 4 hours ago
Why Marvell Stock Popped Today
1 min read
Marvell Technology shares rise 9.84% to $289.40 after joining the S&P 500 on June 22. The move triggers index fund purchases, driving short-term demand. Marvell's optical networking solutions support AI infrastructure, a key factor in its inclusion. The stock trades at $230B market cap with 50.64% gross margin. Marvell replaces Campbell's and Pool Corp in the index.
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