US Stock Market Move | Marvell Technology, Inc. (MRVL.US) rose more than 7% after being included in the S&P 500 index.

On Monday, Marvell Technology, Inc. (MRVL.US) rose more than 7%, reaching $283.74. In terms of news, S&P Dow Jones Indices announced the latest quarterly index adjustments on Friday, with artificial intelligence (AI) infrastructure concept stock Marvell Technology, Inc. and electronic manufacturing service giant Lantronix, Inc. (FLEX.US) officially included in the S&P 500 index. According to the announcement, this adjustment will take effect before the opening of the market on June 22nd. Analysts point out that being included in the S&P 500 index is important for listed companies, as inclusion in the index has become one of the important value catalysts for US listed companies as passive investment continues to grow.