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Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's

Marvell Technology, a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added to the benchmark. Flex, a contract manufacturer for electronics, will also be added to the index on June 22, according to a press release. The two companies will replace Pool Corp and The Campbell's Company.

CNBC 4d ago

Marvell shares jump after chipmaker wins spot in S&P 500

Marvell shares jump after chipmaker wins spot in S&P 500 June 8 : Marvell Technology shares climbed more than 9 per cent on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59 per cent since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called Marvell the next "trillion-dollar...

Channel News Asia 1d ago

Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index

Marvell Technology was up almost 9% in premarket trading on Monday after it was announced that the AI chipmaker would be joining the benchmark S&P 500 index. The semiconductor company, which trades on the Nasdaq, will join the broad-market index on June 22 and will sit alongside the 500 leading companies in the U.S., S&P Global said in a press release on Friday. Marvell was last seen up 8.8% in premarket trading and is up 210% year-to-date.

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Water Corp says maintenance of 54,000km of pipes a challenge amid complaints

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ABC Australia 7d ago

Use It or Lose It

Even in an age of unintended metaphors, few can compare to the scene that unfolded one winter morning five years ago on a street corner in downtown Washington, D.C.A group of men gathered in front of the seven-story building at Pennsylvania Avenue and Sixth Street Northwest, just a short walk from the Capitol, and prepared for an act of careful destruction. Their task was to do away with the colossal facade overhead. Slab by slab, they removed the Tennessee pink marble.

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Where’s Trump? President goes full week without a public event amid health questions and tumbling polls

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The Atlantic 3d ago