Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTInes Ferré · Senior Business ReporterUpdated Mon, June 8, 2026 at 3:49 PM GMT+2 1 min readWhat happened: Marvell Technology (MRVL) stock surged 8% on Monday.What's behind the move: The semiconductor company, listed on Nasdaq, will officially join the S&P 500 (^GSPC) index on June 22.Monday morning's gains put Marvell on track to recover some of Friday's losses following a market-wide sell-off. Marvell stock has rallied sharply in recent weeks, fueled in part by comments from Nvidia (NVDA) CEO Jensen Huang, who described the chipmaker as "the next trillion-dollar company.What else you need to know: The custom chipmaker's market cap sat at around $230 billion on Monday, with shares up more than 210% year to date.Last month, memory chipmakers Micron Technology (MU), Samsung Electronics (005930.KS), and SK Hynix (000660.KS) all made headlines as they reached $1 trillion valuations for the first time.Semiconductor stocks have been at the center of the artificial intelligence trade this year, pushing the broader markets to all-time highs.Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.Click here for the latest technology news that will impact the stock marketRead the latest financial and business news from Yahoo FinanceTerms and Privacy PolicyPrivacy & Cookie SettingsMore Info