The S&P 500 Just Added This AI Semiconductor Stock For Index Investors
The S&P 500 Index recently conducted a quarterly rebalancing, removing stocks that no longer qualify for the index and replacing them with new ones.
Overview
More and more artificial intelligence names continue to invade the broader benchmark S&P 500 Index.
The latest addition is the semiconductor company Marvell Technology (NASDAQ:MRVL). The stock surged on the news yesterday but had fallen by more than 7% as of 11:13 a.m. ET today.
Details
Being added to the S&P 500 is a big deal because it is one of, if not the most followed, indexes and market benchmarks in the world.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.