Marvell shares jump 14%: chipmaker earns a spot in the S&P 500

Shares of Marvell Technology, a developer of chips for AI, rose by more than 14% on June 8 - investors reacted to the news that on June 22, index provider S&P Global will include the company in one of the major U.S. stock indexes - the S&P 500. Thus, Marvell Technology will take its place among the 500 leading companies in the United States, CNBC writes.

In addition to Marvell Technology, electronics maker Flex (its shares are down 0.47% on June 8) will also join the S&P 500 as part of its quarterly rebalancing on June 22. Together with the AI chipmaker, it will replace pool equipment supplier Pool Corp. (its shares are down 1.46% on Monday) and canned soup maker Campbell's (it is losing 1.13% of its capitalization on Monday) in the broad index of American stocks.

Since the beginning of the year, Marvell Technology securities have jumped by more than 250%. And since Ma 27, the company's shares have risen about 27%, recalls Reuters, - then the chipmaker predicted that the revenue of its custom chip business will exceed $10 billion in fiscal 2029. After that, Nvidia CEO Jensen Huang called Marvell a potential next player in the market with a capitalization of $1 trillion.

The current market capitalization of Marvell Technology is $261.5 billion. The company was founded in 1995 - it specializes in the development of high-performance chips for global digital infrastructure: cloud computing, AI, corporate networks, 5G networks and automotive systems, writes CNBC. According to the chipmaker's latest quarterly earnings report, Marvell Technology generated revenue of $2.4 billion in the first three months of 2026, recording a 28% year-over-year increase, beating analysts' expectations.

Among others, Marvell has existing contracts with Nvidia: In March, Nvidia invested $2 billion in Marvell Technology. This arrangement will integrate Marvell's networking solutions, specialized chips and optical technologies into Nvidia's data center ecosystem. The companies also plan to jointly develop silicon photonics technologies, one of the key areas for accelerating data exchange.

According to Wall Street's consensus forecast, out of 47 analysts who watch Marvell securities, the vast majority - 40 experts - advise to buy the chipmaker's shares (Buy and Overweight ratings). Another six recommend holding these securities in the portfolio, and only one analyst gave them an Underweight rating, which corresponds to a Sell recommendation.

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