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Marvell stock rises 10% on S&P 500 inclusion
The shares of Marvel Technology jumped by 10.4% after being included in the S&P 500 index starting June 22, enhancing its appeal to investors and increasing its trading volume. The company, valued at $230 billion in market capitalization, is a leading firm in designing AI chips for infrastructure and cloud computing, with expectations of sustainable profit growth—especially following Nvidia's $2 billion investment in it. Since the beginning of the year, its market value has increased by approximately 210%.
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