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Adobe's Umsatz und Gewinn stiegen im letzten Quartal um einen soliden Tempo. Doch der Abgang eines wichtigen Exekutivs und die Diskussion über ein neues Freemium-Angebot haben Aktionäre besorgt gemacht.10 Aktien, die besser als Adobe sind ›

Adobe-Aktien (NASDAQ: ADBE) fielen am Freitag, nachdem der Anbieter von Kreativsoftware seine finanziellen Ergebnisse nicht ausreichten, um Investoren zu beruhigen, die sich über den Abgang eines Exekutivs und wettbewerbsbedingte Drucke Sorgen machen.

Bildquelle: The Motley Fool.

Der Bedarf an AI-gesteuerten Werkzeugen steigt

Adobe's Umsatz stieg um 13% im Vergleich zum Vorjahr auf 6,62 Milliarden US-Dollar in seinem zweiten Quartal. CEO Shantanu Narayen sagte, dass dieser Wachstum durch "starke AI-gesteuerte Nachfrage" getrieben wurde. Adobe's 'AI-first' jährliche wiederkehrende Einnahmen (ARR) verdreifachten sich auf mehr als 500 Millionen US-Dollar.

'Die Nachfrage ist unerhört groß, um die Kombination von Inhaltskonsum und -schaffung auf verschiedenen Oberflächen', sagte Narayen während einer Konferenz mit Analysten.

Insgesamt stieg Adobe's angepasster Nettogewinn um 10,5% auf 2,4 Milliarden US-Dollar. Seine angepassten Earnings pro Aktie, gestützt durch Aktienrückkäufe, stiegen fast 18% auf 5,96 US-Dollar.

Diese Ergebnisse führten dazu, dass Adobe seine Vorhersagen für das gesamte Jahr erhöhte. Die Führung erwartet nun einen Umsatz von etwa 26,55 Milliarden US-Dollar und angepasste Gewinne von 24,35 bis 24,45 US-Dollar pro Aktie.

Führungswechsel und intensivierter Wettbewerb

Investoren waren jedoch nicht erfreut, als sie hörten, dass der Chief Financial Officer Dan Durn für bessere Chancen bei dem Halbleitergiganten Marvell Technology wechselte. Durns Abgang kommt nur drei Monate nach Narayens Ankündigung, dass er als CEO zurücktreten wird, sobald ein Nachfolger gefunden ist.

Der Abgang zweier der Top-Exekutiven in einem so kurzen Zeitraum ist für Investoren ein rotes Tuch, die bereits besorgt waren über Adobes Fähigkeit, neue AI-gesteuerte Konkurrenten abzuwehren.

Konkurrenten wie Blackmagic Design, das den beliebten Video- und Farbkorrektursoftware DaVinci Resolve anbietet, haben Marktanteile gewonnen, da sie Freemium-Businessmodelle nutzen. Neue Nutzer können diese Software kostenlos nutzen und dann für fortgeschrittene Funktionen zahlen.

In Reaktion auf diese Bedrohungen sagte Adobe, es würde auch ein Freemium-Angebot starten. Doch während dies die neuen-Nutzer-Aquisition-Verdienste steigern sollte, wird es Adobes kurzfristige Gewinne unter Druck setzen.

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GraniteShares

NEW YORK, June 12, 2026 (GLOBE NEWSWIRE) -- This announcement amends the effective date (or ex-date) previously circulated on June 08, 2026.

A forward split will apply to shareholders of record as of market close on June 24, 2026, payable after market close on June 25, 2026. The forward split will be effective prior to market open on June 26, 2026, when each Fund will begin trading at its post-split price. The ticker symbol and CUSIP number for each Fund will not change.

Fund Name Ticker CUSIP Forward Split Ratio Approximate increase in total number of outstanding shares GRANITESHARES 2X LONG DELL DAILY ETF DLLL 38747R 561 8 for 1 700 % GRANITESHARES 2X LONG INTC DAILY ETF INTW 38747R 553 8 for 1 700 % GRANITESHARES 2X LONG MU DAILY ETF MULL 38747R 678 25 for 1 2,400 % GRANITESHARES 2X LONG MRVL DAILY ETF MVLL 38747R 520 3 for 1 200 % GRANITESHARES 2X LONG NVDA DAILY ETF NVDL 38747R 827 3 for 1 200 % GRANITESHARES 2X LONG SMCI DAILY ETF SMCL 38747T 575 3 for 1 200 % GRANITESHARES 2X LONG VRTV DAILY ETF VRTL 38747R 512 3 for 1 200 %

As a result of the share split, shareholders of each Fund will receive additional shares as indicated in the table above, and the number of each Fund's issued and outstanding shares will increase by the approximate percentage indicated above.

The tables below illustrate the effect of hypothetical splits on a shareholder's investment.

3-for-1 forward split

Period # of shares owned Hypothetical NAV Total Market Value Pre-Split 10 US$ 300 US$ 3,000 Post-Split 30 US$ 100 US$ 3,000

8-for-1 forward split

Period # of shares owned Hypothetical NAV Total Market Value Pre-Split 10 US$ 200 US$ 2,000 Post-Split 80 US$ 25 US$ 2,000

25-for-1 forward split

Period # of shares owned Hypothetical NAV Total Market Value Pre-Split 3 US$ 1,000 US$ 3,000 Post-Split 75 US$ 40 US$ 3,000

The Trust's transfer agent will notify the Depository Trust Company ("DTC") of the forward split and instruct DTC to adjust each shareholder's investment(s) accordingly. DTC is the registered owner of a Funds' shares and maintains a record of each Fund's record owners.

The share splits will not result in a taxable transaction for holders of each Fund's shares. No transaction fees will be imposed on shareholders in connection with the share splits.

Media Contact GraniteShares, Inc. 250 Broadway, 24th Floor, New York, NY 10007 Phone: (844) 476-8747 Email: info@graniteshares.com Web: graniteshares.com

Important Information

Investors should consider the investment objectives, risks, charges and expenses of the GraniteShares funds (the "Funds") carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747, or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.

Story Continues

Except as described above regarding the liquidation of the ETFs, shares of the Funds may be sold during trading hours on the exchange through any brokerage account, shares are not individually redeemable, and shares may only be redeemed directly from a Fund by Authorized Participants. There can be no assurance that an active trading market for shares in a Fund will develop or be maintained. Shares may trade above or below NAV. Brokerage commissions will apply.

RISK FACTORS AND IMPORTANT INFORMATION

The Funds are not suitable for all investors. The investment program of the funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETFs are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds are designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Funds will lose money if their Underlying Stock's performance is flat, and it is possible that the Funds will lose money even if their Underlying Stock's performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

The Funds seek daily leveraged investment results and are intended to be used as short-term trading vehicles. The Funds attempt to provide daily investment results that correspond to the respective long leveraged multiple of the performance of their underlying stocks (a Leverage Fund).

Investors should note that such Leverage Long Fund pursues daily leveraged investment objectives, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its underlying stock. The volatility of the underlying security may affect a Funds return as much as, or more than, the return of the underlying security.

Because of daily rebalancing and the compounding of each day's return over time, the return of each Fund for periods longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. Each Fund will lose money if the Underlying Stock's performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock's performance increases over a period longer than a single day.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETFs. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

An investment in the Funds involves risk, including the possible loss of principal. The Funds are non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps is subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus.

This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates ©2026 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

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Q1 Earnings Outperformers: Lam Research (NASDAQ:LRCX) And The Rest Of The Semiconductor Manufacturing Stocks

As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at semiconductor manufacturing stocks, starting with Lam Research (NASDAQ:LRCX).

The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment.

The 14 semiconductor manufacturing stocks we track reported a very strong Q1. As a group, revenues beat analysts' consensus estimates by 2.2% while next quarter's revenue guidance was in line.

Luckily, semiconductor manufacturing stocks have performed well with share prices up 10.8% on average since the latest earnings results.

Lam Research (NASDAQ:LRCX)

Founded in 1980 by David Lam, the man who pioneered semiconductor etching technology, Lam Research (NASDAQ:LRCX) is one of the leading providers of wafer fabrication equipment used to make semiconductors.

Lam Research reported revenues of $5.84 billion, up 23.8% year on year. This print exceeded analysts' expectations by 1.7%. Overall, it was an exceptional quarter for the company with revenue guidance for next quarter exceeding analysts' expectations and a beat of analysts' EPS estimates.

"Lam delivered record revenue and EPS in the March quarter as AI-driven demand reshapes the semiconductor industry," said Tim Archer, Lam Research's President and Chief Executive Officer.Lam Research Total Revenue

Interestingly, the stock is up 38% since reporting and currently trades at $366.35.

We think Lam Research is a good business, but is it a buy today? Read our full report here, it's free.

Best Q1: Kulicke and Soffa (NASDAQ:KLIC)

Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices

Kulicke and Soffa reported revenues of $242.6 million, up 49.8% year on year, outperforming analysts' expectations by 5.5%. The business had a stunning quarter with a beat of analysts' EPS and adjusted operating income estimates.Kulicke and Soffa Total Revenue

The market seems happy with the results as the stock is up 20.6% since reporting. It currently trades at $113.07.

Is now the time to buy Kulicke and Soffa? Access our full analysis of the earnings results here, it's free.

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Weakest Q1: Photronics (NASDAQ:PLAB)

Sporting a global footprint of facilities, Photronics (NASDAQ:PLAB) is a manufacturer of photomasks, templates used to transfer patterns onto semiconductor wafers.

Photronics reported revenues of $209.9 million, flat year on year, falling short of analysts' expectations by 2.8%. It was a disappointing quarter as it posted revenue guidance for next quarter missing analysts' expectations .

Photronics delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 42.6% since the results and currently trades at $30.72.

Read our full analysis of Photronics's results here.

Nova (NASDAQ:NVMI)

Headquartered in Israel, Nova (NASDAQ:NVMI) is a provider of quality control systems used in semiconductor manufacturing.

Nova reported revenues of $235.3 million, up 10.3% year on year. This number topped analysts' expectations by 3.5%. It was an exceptional quarter as it also recorded an impressive beat of analysts' adjusted operating income estimates and a significant improvement in its inventory levels.

The stock is up 11.1% since reporting and currently trades at $559.56.

Read our full, actionable report on Nova here, it's free.

Marvell Technology (NASDAQ:MRVL)

Moving away from a low margin storage device management chips in one of the biggest semiconductor business model pivots of the past decade, Marvell Technology (NASDAQ: MRVL) is a fabless designer of special purpose data processing and networking chips used by data centers, communications carriers, enterprises, and autos.

Marvell Technology reported revenues of $2.42 billion, up 27.6% year on year. This print was in line with analysts' expectations. Overall, it was a strong quarter as it also produced a significant improvement in its inventory levels and revenue guidance for next quarter topping analysts' expectations.

The stock is up 41.9% since reporting and currently trades at $281.95.

Read our full, actionable report on Marvell Technology here, it's free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today's crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US' conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

StockStory's analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

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Investing.com -- Investors have had to assess a mix of earnings disappointments, capital raises, and shifting fortunes, with the week headlined by SpaceX's high-profile public market debut.

Here are Investing.com's stocks of the week:

SpaceX

There is only one place to start. SpaceX made its trading debut on Friday, drawing substantial investor attention given its dominant position in the launch and satellite internet markets.

The rush of investors to get in on the action reportedly caused service disruptions at brokerage Robinhood due to record-breaking traffic on the platform during trading in SpaceX shares following the IPO.

However, CFRA analyst Keith Snyder is less enthusiastic, initiating coverage of the stock with a Sell rating and a $115 price target, striking a cautious tone on valuation.

"This is due to the company's extremely ambitious growth strategy, elevated valuation expectations, and significant capital intensity," Snyder said, adding that the investment case requires investors to underwrite several difficult outcomes simultaneously.

Oracle

Oracle shares have slumped 20.6% this week, including an 8.5% drop on Thursday, after the company delivered a mixed fiscal fourth-quarter report.

Cloud infrastructure results came in line with expectations, while applications revenue landed slightly below Street estimates.

Baird analyst Rob Oliver reiterated an Outperform rating and a $215 price target, noting that fiscal 2027 revenue guidance was reiterated even as capital expenditure guidance came in above Street expectations, including additional financing needs.

"AI momentum remains healthy with four deals >$8B signed during the quarter," Oliver said, though he acknowledged that "moving parts around the FY'27 guide and Capex may weigh on shares."

Super Micro Computer

SMCI has tumbled 32.2% in the last week, including a 28% plunge on Wednesday, after the company announced financing transactions totaling up to $7 billion in potential gross proceeds.

The package includes a public offering of 45.5 million common shares at $27.50 apiece and 75 million depositary shares tied to new mandatory convertible preferred stock.

The company said proceeds would help fund component purchases tied to roughly $39 billion in AI server orders received from more than 20 customers in recent weeks, with additional funds earmarked for debt repayment and general corporate purposes.

Intel

Intel has rallied 18.9% over the past week, boosted by a report from The Information that indicated Google and Nvidia are exploring the chipmaker as an alternative manufacturing partner.

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According to the report, Google has ordered more than three million tensor processing units from Intel for production in 2028, while Nvidia is evaluating whether Intel's process technology could produce a chip combining four GPUs into a single package.

Marvell Technology

Marvell shares have slipped 4.5% over the week, even after jumping more than 9% on Monday, as gains were pared despite news the chipmaker will be added to the S&P 500 before the June 22 open.

The week also saw the company announce a leadership change, with Dan Durn set to become CFO effective June 15, succeeding longtime finance chief Willem Meintjes. Durn is joining the company from Adobe.

Meanwhile, B. Riley analyst Craig Ellis raised his price target on Marvell this week to $345 from $240 while maintaining a Buy rating, citing a deepening Nvidia partnership, a broader ownership base from index inclusion, and confidence in the incoming CFO.

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Adobe earnings beat Wall Street estimates, boosted by strong demand for AI products. It wasn’t enough for the stock.

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For Immediate Release

Chicago, IL – June 12, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Micron Technology, Inc. MU, Marvell Technology, Inc. MRVL, NVIDIA Corporation NVDA and Sandisk Corp. SNDK.

Here are highlights from Thursday's Analyst Blog:

Beyond Micron: 2 AI Stocks That Could Deliver Explosive Returns

Shares of Micron Technology, Inc. have delivered astounding gains over the past year, banking on strong demand for artificial intelligence (AI) infrastructure. The stock soared 657.5% during this period, which helped push Micron's market capitalization to $1 trillion, a milestone that very few semiconductor companies have achieved.

Although Micron's shares recently witnessed a sharp sell-off amid a broader market correction, its long-term growth outlook remains convincing, fueled by an incessant demand for its cutting-edge high-bandwidth memory chips as hyperscalers continue to increase their AI infrastructure spending.

Micron has now transitioned from a cyclical semiconductor stock to a critical supplier in the AI infrastructure ecosystem. However, investors willing to diversify their AI semiconductor holdings while capturing similar long-term growth trends should keep AI networking chipmaker Marvell Technology, Inc. and AI memory stock Sandisk Corp. on their radar. Let us thus look in detail at the key catalysts that could drive significant upside in these stocks –

Marvell Strengthens Role in AI Infrastructure Growth

Marvell recently increased its revenue growth outlook for 2027 and 2028, showcasing strong customer demand for its products and an improved revenue visibility. At the midpoint of its guidance, Marvell expects revenues of about $2.7 billion for the second quarter of fiscal 2027, representing 35% year-over-year growth, according to investor.marvell.com.

Marvell's first-quarter fiscal 2027 revenues of $2.418 billion already exceeded expectations, driven mostly by strong demand in AI-related infrastructure. The revenue expansion is being driven by its growing presence in AI networking. The company's networking and connectivity chips power data centers, enabling thousands of interconnected processors to exchange data rapidly and efficiently. This is why NVIDIA Corporation's CEO, Jensen Huang, sees Marvell as a "trillion-dollar company" in the making.

In the first quarter of fiscal 2027, Marvell generated a record $638.8 million in operating cash flow, strengthening its ability to invest more in research and development and support further growth. As a result, the company's expected earnings growth rate for the current and next fiscal year are 41.2% and 51.6%, respectively. Its shares have already soared 256.7% over the past year.

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Sandisk Sees Strong Growth Driven by AI Data Center Demand

Sandisk is expected to gain from strong demand for its memory products in AI-powered data centers supported by current supply constraints. Its robust pricing power across its product portfolio is likely to further strengthen its top-line performance.

The company projects $7.75 billion to $8.25 billion in revenues for the fiscal fourth quarter of 2026, according to investor.sandisk.com. The company's focus on high-value customers in the expanding data center market helped Sandisk report revenues of $5.95 billion in the fiscal third quarter, up 97% sequentially and above its own guidance.

Sandisk further projects non-GAAP earnings per share of $30 to $33 for the fiscal fourth quarter, up from $23.41 in the fiscal third quarter, indicating sustained sequential growth momentum. Moreover, Sandisk's strategic New Business Model agreements are expected to strengthen customer retention and boost revenue growth and profitability. Consequently, the company's likely earnings growth rate for the current and next fiscal year are 2096.7% and 177.3%, respectively. Its stock has already surged 3849.2% over the past year.

Sandisk currently has a Zacks Rank #1 (Strong Buy), while Marvell has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Micron Technology, Inc. (MU) : Free Stock Analysis Report

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This article originally published on Zacks Investment Research (zacks.com).

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Adobe-Erträge übertrafen die Erwartungen von Wall Street, unterstützt durch starke Nachfrage nach AI-Produkten. Es reichte nicht für den Kurs.

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What happened: Adobe (ADBE) stock was poised to open 9% lower on Friday.

What's behind the move: The stock was reacting to the loss of another top executive. It was also under pressure as the company leans into "freemium" offerings to grow its user base.

Adobe announced thatCFO Dan Durn will depart on June 15 to join Marvell Technology (MRVL) as CFO. The move follows Adobe's announcement three months ago that CEO Shantanu Narayen will step down after 18 years in the role once a successor is named.

ADBE

Go deeper with AlphaSpace

204.21 -14.59 (-6.67%)

As of 12:31:36 PM EDT. Market Open.

What else you need to know: Adobe has struggled to recover after being hit hard earlier this year, along with the rest of the software industry, amid fears that artificial intelligence would disrupt the industry and force companies to shift their business models.

On Thursday's quarterly earnings call, Narayen highlighted unprecedented demand surrounding content creation and consumption.

"Big picture, the immediate opportunity for Adobe is to accelerate new user acquisition and lifetime value through a freemium offering," he said.

Adobe posted record second quarter revenue of $6.62 billion, marking a 13% increase from a year earlier, and raised its fiscal 2026 outlook.

The stock was down 37% year to date on Friday, hovering at its lowest level in seven years.

Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.

Click here for the latest stock market news and in-depth analysis, including events that move stocks

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This article first appeared on GuruFocus.

Marvell Technology (MRVL, Financials) is bringing in Adobe finance chief Dan Durn as its next chief financial officer, giving the chipmaker an experienced hand as it moves through a major growth phase.

Warning! GuruFocus has detected 7 Warning Sign with MRVL. Is MRVL fairly valued? Test your thesis with our free DCF calculator.

Durn will start on June 15. He replaces Willem Meintjes, who will stay with Marvell as an adviser through April 2027 to help with the transition.

The timing matters. Marvell is seeing strong investor interest because of its role in AI infrastructure, including custom chips, networking and data center technology.

Durn already knows the company well. He has served on Marvell's board for the past two years and previously held CFO roles at Applied Materials, NXP Semiconductors and GlobalFoundries.

Marvell also reaffirmed its fiscal second-quarter guidance, which should give investors some comfort that the leadership change is not tied to a near-term business problem.

For investors, this looks like a steady transition rather than a surprise shake-up. The key question now is whether Marvell can keep executing as AI-related demand grows.

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This article first appeared on GuruFocus.

Rocket Lab (NASDAQ:RKLB), Astera Labs (NASDAQ:ALAB), CoreWeave (NASDAQ:CRWV), Nebius (NASDAQ:NBIS), and Teradyne (NASDAQ:TER) are joining the Nasdaq-100 on June 22, knocking out Charter Communications (NASDAQ:CHTR), Cognizant (NASDAQ:CTSH), Insmed (NASDAQ:INSM), Verisk Analytics (NASDAQ:VRSK), and Zscaler (NASDAQ:ZS) in the quarterly rebalance. Rocket Lab jumped 6.54% in premarket, Nebius gained 4.44%, CoreWeave added 3.30%, and Astera Labs rose 3.14%.

The five additions reflect the index's growing tilt toward AI infrastructure and space technology. CoreWeave and Nebius are both AI cloud providers, while Astera Labs designs high-speed connectivity chips for AI data centers. Rocket Lab has emerged as a leading small satellite launch provider. The inclusions follow Marvell Technology's addition to the S&P 500, also effective June 22, as benchmark rebalances increasingly favor AI-linked names.

SpaceX, set to begin trading Friday under SPCX, could eventually land in the index too once it clears eligibility requirements. The June 22 rebalance also coincides with Marvell Technology joining the S&P 500 on the same date.

Warning! GuruFocus has detected 6 Warning Signs with TSLA. Is RKLB fairly valued? Test your thesis with our free DCF calculator.

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