MRVL Stock Alert: Marvell Technologies to Join S&P 500
Barchart
Last updated: June 9, 2026
Marvell Technology (MRVL) is set to join the S&P 500 Index on June 22, sparking investor optimism. This follows Nvidia's CEO suggesting Marvell could be a significant future opportunity. The inclusion is expected to drive substantial programmatic buying from passive and institutional funds.
- Key Facts: Marvell Technology (MRVL) will be added to the S&P 500 Index on June 22, replacing Pool Corporation.
- This index inclusion necessitates billions of dollars in buying by passive and institutional funds tracking the S&P 500.
- Nvidia's CEO, Jensen Huang, recently highlighted Marvell as a potentially massive future opportunity.
- Marvell's stock price is considered high, trading at nearly 34 times sales, but this is supported by its business growth trajectory.
- Management projects revenue to more than double to $16.5 billion by fiscal 2028.
- Growth is primarily driven by Marvell's custom silicon business, including custom accelerators and XPU designs for major cloud providers.
- The company anticipates custom accelerator unit shipments will surpass GPUs within two years.
- Marvell's optical interconnect business, crucial for AI data centers, is projected to grow over 50% this year.
- Analysts maintain a "Strong Buy" consensus rating for MRVL stock, with price targets suggesting further upside.
