Marvell shares jump after chipmaker wins spot in S&P 500 - BNN Bloomberg
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Article Excerpt
Marvell Technology shares climbed more than 7 per cent in premarket trading 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 NVDA.O CEO Jensen Huang called Marvell the next “trillion-dollar company.” The stock dropped 16.7 per cent in regular trading on Friday amid a broader selloff that wiped out $1.3 trillion in market value for th…
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Jun 8, 2026
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