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Tech Shakeup on the S&P 500
Motley Fool60d agoneutral
Tech Shakeup on the S&P 500

The S&P 500 index is removing Pool Corp and Campbell Soup, replacing them with Marvell Technology and Flex. The team discusses what this means for investors.

Taiwan Semiconductor (TSM) is This Famous Billionaire’s Biggest AI Stock Holding
Insider Monkey61d agoneutral
Taiwan Semiconductor (TSM) is This Famous Billionaire’s Biggest AI Stock Holding

We just covered the Top 10 Stock Picks of 10 Famous Billionaires. Taiwan Semiconductor (NYSE:TSM) ranks #3 (see Top 5 Stock Picks of 5 Famous Billionaires). Number of Hedge Funds: 234 Top Pick Of: Philippe Laffont — Coatue Management Taiwan Semiconductor (NYSE:TSM) is the biggest holding of billionaire Philippe Laffont of Coatue Management. Taiwan Semiconductor (NYSE:TSM) […]

Investing.com62d agoneutral
Investing.com’s stocks of the week

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.

Adobe trades revenue for reach as AI monetization stays elusive
Proactive62d agoneutral
Adobe trades revenue for reach as AI monetization stays elusive

Adobe Inc (NASDAQ:ADBE) shares fell 6.7% on Friday after the software company cut its organic annual recurring revenue growth guidance, announced a surprise CFO departure, and signaled a shift toward freemium AI products that analysts say leaves key monetization questions unanswered. The...

Adobe CFO’s exit leaves leadership gap
CFO Dive62d agoneutral
Adobe CFO’s exit leaves leadership gap

Daniel Durn’s departure leaves the tech platform fielding another executive search as it continues its hunt for a CEO successor to long-time top executive Shantanu Narayen.

Marvell Names Dan Durn CFO As AI Infrastructure Growth Meets Rich Valuation
Simply Wall St.62d agoneutral
Marvell Names Dan Durn CFO As AI Infrastructure Growth Meets Rich Valuation

Marvell Technology (NasdaqGS:MRVL) has appointed former Adobe CFO Dan Durn as its new Chief Financial Officer. Durn will succeed Willem Meintjes and is stepping down from Marvell's board to move into the executive role. Marvell focuses on semiconductor solutions for data infrastructure, with exposure to data centers, carrier networks, enterprise hardware, and other high performance computing uses. Investor attention around the company has increased as AI infrastructure build outs have...

Reuters63d agoneutral
Marvell names Adobe's Dan Durn as finance chief amid growing AI demand

Marvell Technology on Thursday named Adobe's Dan Durn as chief financial ‌officer, succeeding Willem Meintjes, who is stepping ‌down after more than three years in the role. Durn ​will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role through April 2027 to ‌support the transition. The ⁠appointment comes as Marvell looks to benefit from a surge in spending on ⁠AI-related data center infrastructure, which has boosted demand for advanced networking and custom chip technologies.

Marvell Just Ripped 57% in a Month. Will the June 22 S&P 500 Listing Be a Sell-the-News Event?
24/7 Wall St.63d agobearish
Marvell Just Ripped 57% in a Month. Will the June 22 S&P 500 Listing Be a Sell-the-News Event?

Shares of Marvell Technology (NASDAQ:MRVL) are up 8% today, trading at around $273 in midday action on Thursday, June 11. The move extends a remarkable run that has the stock up 57% over the past month heading into its scheduled index debut. The catalyst is well known. S&P Dow Jones Indices confirmed in its June ... Marvell Just Ripped 57% in a Month. Will the June 22 S&P 500 Listing Be a Sell-the-News Event?