Marvell Ships 5M+ Photonic Chips, Stock Rises 5% Ahead of S&P 500 Entry on Monday

US5000.63%
Marvell Technologies (MRVL) stock surged over 5% premarket on Thursday after the company announced it has shipped more than 5 million coherent photonic integrated circuits to customers worldwide in partnership with Tower Semiconductor (TSEM), addressing the component shortage in the data center market. The shipment comes amid strong demand for AI infrastructure buildout. Marvell is set to join the S&P 500 on Monday, June 22, 2026.
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