Marvell Technology Inc and Flex Ltd. will join the S&P 500 in the latest quarterly rebalance , S&P Dow Jones Indices said Friday. The semiconductor company and the electronics manufacturing firm, respectively, will replace Pool Corp. and The Campbell’s Company before the start of trading on June 22, according to the index provider. Marvell in its latest earnings delivered a quarterly forecast that...
Marvell Technology Inc and Flex Ltd. will join the S&P 500 in the latest quarterly rebalance , S&P Dow Jones Indices said Friday. The semiconductor company and the electronics manufacturing firm, respectively, will replace Pool Corp. and The Campbell’s Company before the start of trading on June 22, according to the index provider. Marvell in its latest earnings delivered a quarterly forecast that exceeded estimates and boosted its outlook for the year, citing demand for chips used in AI data centers. The company is benefiting from a surge in demand for computer systems in data centers that create and run artificial intelligence software and services. Flex, meanwhile, issued profit guidance for 2027 that exceeded consensus estimates . The company announced it will spin off its cloud and power infrastructure segment. Shares in Marvell rose 6% in after-hours trade and Flex was up 3.9%. Companies must have a market capitalization of at least $22.7 billion and meet profitability, liquidity and share-float requirements to qualify for the S&P 500 under April guidelines . Removal from the benchmark can weigh on a stock, as index funds sell shares to realign with the gauge’s new composition. The growth of passive investing has elevated the importance of inclusion in the US equity benchmark, as funds that track the index must buy newly added shares. The same goes with exclusion. Just on Thursday, the index provider announced it will keep its existing eligibility requirements for benchmarks, closing the door to fast entry for big tech IPOs like SpaceX. The decision arrives as Wall Street grapples with a new reality: some companies are reaching unprecedented sizes before they ever enter public markets. Read more: S&P’s SpaceX Snub Shows Elon Musk the Power of Index Gatekeepers SPDJI said it will not shorten the 12-month seasoning period for giant newly public companies or waive existing profitability and public-float requirements based on a company’s size, diverging from a bro...
Top 20 by Trading Volume | Chip stocks plunged collectively, with NVIDIA down over 6%, Micron down over 13%, and AMD falling nearly 11%; SpaceX signed a $30 billion computing power agreement with Google; Meta reportedly considering multi-billion-dol 富途牛牛
Top 20 by Trading Volume | Chip stocks plunged collectively, with NVIDIA down over 6%, Micron down over 13%, and AMD falling nearly 11%; SpaceX signed a $30 billion computing power agreement with Google; Meta reportedly considering multi-billion-dol 富途牛牛
mtcurado/iStock Unreleased via Getty Images Starfighters Space ( FJET ) confirmed its addition to the Russell 3000 Index effective June 29, 2026, as part of the annual reconstitution, with analyst Hilary Kramer noting it as a visibility boost during broader market discussion. American News Group commentary highlighted that public-market interest in the space sector has expanded beyond rockets, cov...
mtcurado/iStock Unreleased via Getty Images Starfighters Space ( FJET ) confirmed its addition to the Russell 3000 Index effective June 29, 2026, as part of the annual reconstitution, with analyst Hilary Kramer noting it as a visibility boost during broader market discussion. American News Group commentary highlighted that public-market interest in the space sector has expanded beyond rockets, covering aerospace infrastructure, communications, Earth observation, and specialized flight systems. However, the update came against a weak trading backdrop across aerospace names on Friday. After the index inclusion, space stocks turned sharply lower, showing a classic “sell-the-news” reaction across the sector. The sector saw heavy selling pressure. AST SpaceMobile ( ASTS ) dropped 12.76% to $93.60, Rocket Lab ( RKLB ) fell over 8% to $110.08, Virgin Galactic ( SPCE ) crashed 7.20% to $4.38, Starfighters Space ( FJET ) declined 13% to $8.30, and Planet Labs PBC ( PL ) plunged nearly 25% to $32.22. The weakness was not limited to headline names. Broader space-linked stocks like Intuitive Machines ( LUNR ), Redwire ( RDW ), BlackSky Technology ( BKSY ), Voyager Technology ( VOYG ), and Firefly ( FLY ) traded lower. Overall, despite the Russell 3000 inclusion acting as a visibility catalyst, the market reaction turned negative, with investors focusing more on execution and profitability than index-driven optimism. More on AST SpaceMobile AST SpaceMobile: Failing Upwards AST SpaceMobile's Next Chapter Changes Everything AST SpaceMobile Over SpaceX Any Day EchoStar tops communications services stocks in short interest; Alphabet sees the lowest exposure AST SpaceMobile sinks 18%, leading space stocks lower after Blue Origin rocket explosion
Kathrin Ziegler/DigitalVision via Getty Images Overview It has been a year since the last time I covered Horizon Technology Finance ( HRZN ), so I thought it would be a good time to reassess this business development company. When I previously covered Horizon, I issued a sell rating due to the disappointing earnings and dividend weakness. Since then, the share price has declined by more than 38%. ...
Kathrin Ziegler/DigitalVision via Getty Images Overview It has been a year since the last time I covered Horizon Technology Finance ( HRZN ), so I thought it would be a good time to reassess this business development company. When I previously covered Horizon, I issued a sell rating due to the disappointing earnings and dividend weakness. Since then, the share price has declined by more than 38%. HRZN recently reported its Q1 earnings to kick off its 2026 fiscal year, so I wanted to provide some updated thoughts about whether or not the value proposition has changed. Due to the continuous declines, Horizon Technology now trades at one of the largest discounts to NAV valuations since its inception. For instance, Horizon Technology now trades at a discount to NAV of 33.38%. For reference, it has traded at an average premium to NAV of 12.52% over the last five years. While this deep discount may seem like an enticing opportunity to start accumulating shares, I believe that this discount is a direct reflection of the weakness that Horizon Technology continues to face. I remain cautious that there's a risk for the share price to continue its descent if new investments take some time to materialize. CEF Data Horizon Technology now offers investors a starting dividend yield of 15.5% while issuing those payouts on a monthly basis. Although payouts are now supported by net investment income, I would love to see the coverage rate improve. The current coverage rate leaves very little room for error. At least there's a ton of spillover income available to management. Higher interest rates may threaten Horizon's ability to grow its portfolio and increase its base earnings. However, management has improved their growth prospects so far by achieving positive net portfolio growth. Q1 Earnings According to the latest portfolio overview , Horizon Technology Finance has investments with a value of $695.7 million that are spread across a diverse range of debt securities. The portfolio ...
Friday’s pullback in US equities offers a chance to add exposure rather than a reason to retreat, with a clear path for the S&P 500 to reach 8,000 this year, according to John Flood , the head of Americas equities execution services at Goldman Sachs Group Inc. The decline on Friday, Flood said, was likely led by profit-taking ahead of the weekend, and anticipation of additional equity supply comin...
Friday’s pullback in US equities offers a chance to add exposure rather than a reason to retreat, with a clear path for the S&P 500 to reach 8,000 this year, according to John Flood , the head of Americas equities execution services at Goldman Sachs Group Inc. The decline on Friday, Flood said, was likely led by profit-taking ahead of the weekend, and anticipation of additional equity supply coming to the market through initial public offerings — the type of selloff that has historically rewarded buyers. “There haven’t been many dips to buy this year,” Flood said in an interview on Bloomberg Television. “Historically, buying a 2% pullback in the S&P 500 has paid off, and I think that continues to be the case.” The S&P 500 fell 2.6% on Friday, while the Nasdaq 100 sank about 5%, the most since April 2025. The losses came after a stronger-than-expected jobs report pushed Treasury yields higher and revived speculation that the Federal Reserve could keep policy restrictive for longer. Flood cited inflation, geopolitical tensions involving Iran and concerns around private credit as the issues investors most frequently raise, characterizing them as a healthy “wall of worry” rather than evidence of deteriorating confidence. The broader market backdrop remains supportive, he argued. Goldman’s proprietary sentiment indicator, which aggregates positioning across hedge funds, mutual funds, retail investors and foreign investors, remains near neutral despite the S&P 500 having already logged 24 record highs this year. “Despite the stock market being close to all-time highs at the index level, there is still concern out there,” Flood said. From an institutional-investor perspective, Flood said positioning remains disciplined rather than euphoric. Goldman’s prime brokerage data show hedge-fund gross exposure — the combination of long and short positions — at near record highs. Investors remain long many AI and technology stocks while simultaneously carrying large short positions ...
In this article MRVL FLEX POOL CPB Follow your favorite stocks CREATE FREE ACCOUNT Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology , a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becomin...
In this article MRVL FLEX POOL CPB Follow your favorite stocks CREATE FREE ACCOUNT Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology , a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added to the benchmark. Flex , a contract manufacturer for electronics, will also be added to the index on June 22, according to a press release. The two companies will replace Pool Corp and The Campbell's Company . Marvell stock rose 5% in extended trading. The chipmaker was boosted earlier this week when Nvidia CEO Jensen Huang said it could be the "next trillion-dollar company" when discussing the two chipmakers' partnership. Nvidia also invested $2 billion into the company. Flex rose 4% in extended trading. The company provides manufacturing services to leading technology companies, including Apple and Nvidia. The move highlights the growing importance of the technology sector to the stock market. Veeva Systems , AppLovin , Datadog , DoorDash , and Robinhood are other technology companies that have been added to the index in recent years . Marvell, headquartered in Santa Clara, California, was founded in 1995 to produce parts for spinning disk drives. Flex, which was previously known as Flextronics, is headquartered in Singapore but operates factories in both the U.S. and Asia. watch now VIDEO 4:01 04:01 Marvell will benefit from the AI build-out, says Clough Capital's Vince Lorusso The Exchange Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Amazon (NASDAQ:AMZN) is a stock worth owning for decades because the cash engines underneath the retail storefront, AWS, advertising, and Prime, throw off compounding profits no single recession or product cycle can break. For a retirement-focused investor who has been burned chasing trends, the case here rests on the boring math of a business whose ... History Says This Unstoppable Dow Juggernaut...
Amazon (NASDAQ:AMZN) is a stock worth owning for decades because the cash engines underneath the retail storefront, AWS, advertising, and Prime, throw off compounding profits no single recession or product cycle can break. For a retirement-focused investor who has been burned chasing trends, the case here rests on the boring math of a business whose ... History Says This Unstoppable Dow Juggernaut Is a No-Brainer Buy Right Now
The Nasdaq 100 plummeted about 5%, its deepest dive since April of last year, while a gauge of chipmakers fell twice as much Friday as Wall Street ended the weak on a decidedly sour note . What might be eating at investors (despite the frenzy over SpaceX’s IPO) is a return of that unscratchable itch known as fear of over-valuation. Worries that a tech stock bubble may soon deflate combined with su...
The Nasdaq 100 plummeted about 5%, its deepest dive since April of last year, while a gauge of chipmakers fell twice as much Friday as Wall Street ended the weak on a decidedly sour note . What might be eating at investors (despite the frenzy over SpaceX’s IPO) is a return of that unscratchable itch known as fear of over-valuation. Worries that a tech stock bubble may soon deflate combined with surprisingly big jobs numbers, and thus suspicions the Fed — even with a new chair courtesy of Donald Trump — could raise rates, triggered serious profit-taking. But there are a few lonely voices out there still holding out for rate cuts . What You Need to Know Today How does $920 million-per-month strike you? That’s pretty steep rent for most, but when you’re Google, you can afford it. That’s how much it agreed to pay SpaceX for computing power as part of a cloud-services deal that runs through mid-2029. The monster accord comes as SpaceX’s initial public offering continued to make news Friday. The latest came via Morgan Stanley, where a quiet effort to prevent retail investors from placing multiple orders for the rocket company’s shares faced pushback from some of the country’s largest brokerages. S&P’s SpaceX Snub Shows Musk Wall Street’s Power The gatekeeper’s decision represents the first meaningful institutional resistance amid an industry ecosystem that’s been quick to bend the knee. Read more Money-Market Funds Are the Hot Retail Strategy Now The stock market keeps setting records (though not today). Bitcoin has minted millionaires (but now its price is falling). Gold has peaked at new levels (sure, it’s hit a down patch). Yet one of the most popular trades is to sit in cash or, more precisely, money-market funds. Makes sense, no? Read more Goldman CEO Solomon Asks Ruemmler to Stay Despite Jeffrey Epstein Furor Her resignation, which was set for this month, came amid mounting scrutiny of her communications with the convicted sex offender. Read more Republicans in the ...
This is an AI hyper-growth chapter for Broadcom. The company supplies custom AI accelerators and networking chips to a core group of customers, including Google.
This is an AI hyper-growth chapter for Broadcom. The company supplies custom AI accelerators and networking chips to a core group of customers, including Google.
Based in the US, Unusual Machines (UMAC) manufacturers first person view (FPV) drones and parts for other drone developers. President Trump's son, Donald Jr., sits on the company's board and is a prominent shareholder. Unusual Machines CEO Allan Evans comes on Asking for a Trend to discuss China's market share in manufacturing drone components and the "bigger spotlight" the Trump family's investme...
Based in the US, Unusual Machines (UMAC) manufacturers first person view (FPV) drones and parts for other drone developers. President Trump's son, Donald Jr., sits on the company's board and is a prominent shareholder. Unusual Machines CEO Allan Evans comes on Asking for a Trend to discuss China's market share in manufacturing drone components and the "bigger spotlight" the Trump family's investments has created for the company to succeed in.
(Bloomberg) -- US national security agencies must make a priority of working with more than one artificial intelligence provider, according to a memo from President Donald Trump that follows an extended feud between the Pentagon and Anthropic PBC, which until recently was the only vendor approved for classified military use.Most Read from BloombergBecerra Advances for California Governor as Hilton...
(Bloomberg) -- US national security agencies must make a priority of working with more than one artificial intelligence provider, according to a memo from President Donald Trump that follows an extended feud between the Pentagon and Anthropic PBC, which until recently was the only vendor approved for classified military use.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPO