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

Lucian Nemoiu

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 company." The stock dropped 16.7 per cent in regular trading on

Marvell shares jump after chipmaker wins spot in S&P 500 https://www.channelnewsasia.com/ - 17:32

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Marvell shares jump after chipmaker wins spot in S&P 500 https://www.channelnewsasia.com/ - 17:32