Marvell, Flex enter S&P 500 on June 22 as Pool, Campbell’s exit

Marvell Technology and Flex will join the S&P 500 on June 22, replacing Pool Corp. and The Campbell’s Company in the benchmark index. The change adds another semiconductor-linked name to the index as investors keep pouring into companies tied to artificial intelligence infrastructure. Marvell, based in Santa Clara, California, climbed 5% in extended trading after the move. Flex, the Singapore-headquartered electronics manufacturer, rose 4%. Marvell has drawn fresh attention this week after Nvidia CEO Jensen Huang pointed to the company’s growth potential and Nvidia disclosed a $2 billion investment in it. Flex manufactures electronics for major technology customers including Apple and Nvidia.