Marvell Joins Nasdaq-100 Index, Effective Dec. 21

Marvell Technology Group will be added to the Nasdaq-100 index, effective with the start of trading Dec. 21, said the chipmaker Monday. Joining the index is “recognition” of Marvell's “future growth opportunities," said CEO Matt Murphy. Marvell’s fiscal Q3 ended Oct. 31 was its fifth-straight quarter of sequential revenue growth in 5G, Murphy told investors this month (see 2012040016). The rollout of 5G outside China “is starting to pick up,” he said then.