Marvell joins S&P 500 as AI boom reshapes global stock market leadership

S&P Dow Jones Indices said on June 5 that Marvell Technology will replace Pool Corp in the S&P 500 on June 22. The move shows how surging AI demand is reshaping the world’s most-followed equity index and redirecting billions in passive investment. In its latest quarterly earnings report, the semiconductor firm cleared the GAAP profitability...