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These Two Nvidia-Backed Companies Are Joining the S&P 500 Later This Month
Two Nvidia-backed companies, Coherent (COHR) and Lumentum (LITE), alongside EchoStar (SATS) and Vertiv (VRT), are set to join the S&P 500 index this month. This inclusion is significant for investors as funds tracking the index will need to purchase shares of these companies. The announcement follows Nvidia’s recent $2 billion investments in both Coherent and Lumentum, which had already boosted their stock performance.