Index Rebalance and Special Situations Coverage, Quiddity Advisors

Anjana Amarasuriya

Index Rebalance and Special Situations Coverage

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The SP 500 index tracks the 500 largest US-listed names and is one of the most highly-tracked indices in the world.</li>
<li>Two active M&amp;A deals could trigger intra-review ADDs. Shareholders have already approved one deal while the other goes to a shareholder vote on 4th May 2026.</li>
<li>
<a href="https://www.smartkarma.com/entities/titan-international-inc" target="_blank" data-smartkarma-citation="entities:2416:1" rel="noopener">Titan International (TWI US)</a>, our previous top SP 600 deletion candidate, was dropped from the SP 600. <a href="https://www.smartkarma.com/entities/insteel-industries-inc" target="_blank" data-smartkarma-citation="entities:4069:1" rel="noopener">Insteel Industries (IIIN US)</a> is now our top DELETION candidate.</li>
</ul>


The SP 500 index tracks the 500 largest US-listed names and is one of the most highly-tracked indices in the world.
Two active M&amp;A deals could trigger intra-review ADDs. Shareholders have already approved one deal while the other goes to a shareholder vote on 4th May 2026.

Titan International (TWI US), our previous top SP 600 deletion candidate, was dropped from the SP 600. Insteel Industries (IIIN US) is now our top DELETION candidate.


Quiddity Leaderboard SP500/600 Jun26 Rebal: Two M&A Deals in Play; May Close Before June Review

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Marvell Technology, Inc. has moved to strengthen its optical connectivity roadmap through the acquisition of Polariton Technologies, a specialist in high-speed, low-power plasmonics-based silicon photonics devices.</li><li>The deal, announced on April 22, 2026, comes as AI workloads continue to push data center bandwidth requirements higher, forcing cloud and infrastructure customers to look beyond today’s 1.6T optical connectivity standards toward 3.2T and beyond.</li><li>Polariton brings advanced modulation technology designed for compact, energy-efficient optical signaling across coherent, ZR, ZR+, scale-across, and data center interconnect applications.</li></ul>

Marvell Technology, Inc. has moved to strengthen its optical connectivity roadmap through the acquisition of Polariton Technologies, a specialist in high-speed, low-power plasmonics-based silicon photonics devices.The deal, announced on April 22, 2026, comes as AI workloads continue to push data center bandwidth requirements higher, forcing cloud and infrastructure customers to look beyond today’s 1.6T optical connectivity standards toward 3.2T and beyond.Polariton brings advanced modulation technology designed for compact, energy-efficient optical signaling across coherent, ZR, ZR+, scale-across, and data center interconnect applications.

Marvell Technologies Acquisition Strategy Signals A Massive Optical Disruption Ahead!

<ul><li>Marvell Technology has re-entered the market’s spotlight with the kind of stock action that usually invites simple explanations.</li><li>Shares recently closed at another record high around $131 after rising 2.2% in a single session, and the stock has more than doubled over the past 12 months.</li><li>That rebound is especially striking because it follows a bruising period when the shares lost roughly half their value amid fears that Marvell could lose key AI chip design work tied to Amazon’s Trainium roadmap.</li></ul>

Marvell Technology has re-entered the market’s spotlight with the kind of stock action that usually invites simple explanations.Shares recently closed at another record high around $131 after rising 2.2% in a single session, and the stock has more than doubled over the past 12 months.That rebound is especially striking because it follows a bruising period when the shares lost roughly half their value amid fears that Marvell could lose key AI chip design work tied to Amazon’s Trainium roadmap.

Marvell’s $20 Billion Secret: Is Amazon Pulling The Strings?

<ul><li>Marvell Technology Inc. recently reported its fourth quarter and fiscal year 2026 results, showcasing substantial growth and strategic positioning within the AI-empowered data center market.</li><li>The company achieved record revenue of $2.219 billion in the fourth quarter, a 7% sequential growth, indicating strong demand in the data center end market.</li><li>The full fiscal year 2026 saw a 42% year-over-year revenue increase to $8.2 billion, attributed mainly to the data center segment, growing 46% year-over-year.</li></ul>

Marvell Technology Inc. recently reported its fourth quarter and fiscal year 2026 results, showcasing substantial growth and strategic positioning within the AI-empowered data center market.The company achieved record revenue of $2.219 billion in the fourth quarter, a 7% sequential growth, indicating strong demand in the data center end market.The full fiscal year 2026 saw a 42% year-over-year revenue increase to $8.2 billion, attributed mainly to the data center segment, growing 46% year-over-year.

Marvell Technology: XPU Attach, AI Networking & Custom Solutions—A New Semiconductor Powerhouse?

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Thematic (Sector/Industry)

<ul>
<li>We tracked AI models, infrastructure, and deals this week: Zhipu identified Ox Alpha, OpenAI showed Jalapeno, and Nvidia pursued Hugging Face.</li>
<li>China labs added Qwen, Tencent Hunyuan and Doubao updates, while DeepSeek changed weekend pricing and MiniMax and SenseTime reported results.</li>
<li>Hyperscaler movements covered Nscale, Amazon, Lambda, Volta, Iren, MTN and Yotta. OpenRouter still showed Anthropic ahead in revenue share.</li>
</ul>


We tracked AI models, infrastructure, and deals this week: Zhipu identified Ox Alpha, OpenAI showed Jalapeno, and Nvidia pursued Hugging Face.
China labs added Qwen, Tencent Hunyuan and Doubao updates, while DeepSeek changed weekend pricing and MiniMax and SenseTime reported results.
Hyperscaler movements covered Nscale, Amazon, Lambda, Volta, Iren, MTN and Yotta. OpenRouter still showed Anthropic ahead in revenue share.


This Week in AI (Aug 23-29): Ox Alpha and Jalapeno; Nvidia Eyes Hugging Face

United States

Marvell Technology, Inc. develops and produces semiconductors and related technology. The Company offers security and networking platform, secure data processing, networking, and storage solutions. Marvell Technology serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Marvell Technology (MRVL US)

Quiddity Leaderboard SP500/600 Jun26 Rebal: Two M&A Deals in Play; May Close Before June Review

Bloom Energy (BE US) cleared the SP 500 financial viability requirement with $70.7m of net income in its Q1 2026 earnings release on 28 April 2026,...

Anjana Amarasuriya

Marvell Technologies Acquisition Strategy Signals A Massive Optical Disruption Ahead!

Marvell Technology, Inc. has moved to strengthen its optical connectivity roadmap through the acquisition of Polariton Technologies, a specialist...

Baptista Research

Marvell’s $20 Billion Secret: Is Amazon Pulling The Strings?

Marvell Technology has re-entered the market’s spotlight with the kind of stock action that usually invites simple explanations. Shares recently...

Baptista Research

Marvell Technology: XPU Attach, AI Networking & Custom Solutions—A New Semiconductor Powerhouse?

Marvell Technology Inc. recently reported its fourth quarter and fiscal year 2026 results, showcasing substantial growth and strategic positioning...

Baptista Research

This Week in AI (Aug 23-29): Ox Alpha and Jalapeno; Nvidia Eyes Hugging Face

This week in AI: Ox Alpha is Zhipu's GLM-5.3-Flash; OpenAI tests Jalapeno against GB300; Nvidia eyes Hugging Face as Moonshot talks with US cloud...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)