S&P Dow Jones Indices announced that Qorvo will be removed from the S&P 500 index. This change is scheduled to take effect prior to the open of trading on Monday, December 23, 2024.
Concurrently, Qorvo will be added to the S&P SmallCap 600 index. This rebalancing aims to ensure that each index accurately represents its respective market capitalization range.
Apollo Global Management and Workday are slated to replace Qorvo and Amentum Holdings in the S&P 500. This shift indicates a re-evaluation of Qorvo's market capitalization by the index provider.
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