These Two Nvidia-Backed Companies Are Joining the S&P 500 Later This Month

Group 1 - EchoStar and Vertiv will join the S&P 500 index, alongside Coherent and Lumentum, effective March 23 [1] - Nvidia has made $2 billion investments in both Coherent and Lumentum, contributing to their stock price increases [1] - Coherent's shares rose over 3% and Lumentum's shares increased by approximately 11% following the announcement [1] Group 2 - Inclusion in the S&P 500 is generally viewed positively, as many ETFs tracking the index will need to purchase shares of the newly added companies [1] - Wall Street analysts expect continued growth for Lumentum and Coherent, with a mean price target indicating about 20% upside for Lumentum [1] - Recent changes to the S&P 100 included the addition of Applied Materials, GE Vernova, Lam Research, and Micron, while removing American International Group, Metlife, Paypal, and Target [1]