Marvell Technology has been knocking on the door of the S&P 500 for a while now. After tripling in value this year and hitting a record close of $301.65 on June 4, the chipmaker isn’t knocking anymore.
With a market capitalization somewhere between $254 billion and $264 billion, Marvell dwarfs the next largest eligible candidate for S&P 500 inclusion, Bloom Energy, which sits at roughly $82 billion. The index committee’s anticipated announcement around June 6 could finally end one of the more puzzling omissions in recent index history.
How Marvell got here: Huang, Amazon, and the AI infrastructure boom
The catalyst for Marvell’s most explosive move came from Nvidia CEO Jensen Huang. Speaking at Computex Taipei 2026, Huang described Marvell as a candidate for becoming a “trillion-dollar company.” The stock responded with a gain exceeding 25% in a single session, sparking a multi-day rally that at points topped 50%.
But the Huang endorsement wasn’t the only accelerant. Marvell had already been building momentum through an expanded partnership with Amazon and a string of strong earnings reports. The company’s focus on custom AI accelerators and high-speed connectivity solutions has positioned it squarely in the sweet spot of what hyperscale cloud providers are spending billions to build out.
