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What are the four new companies being added to the S&P 500 index in March?

The index provider reviews the S&P 500 every quarter using rigorous criteria on market capitalisation, profitability, liquidity and sector balance to ensure it reflects the largest and most representative top 500 US companies.


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The latest update will bring Vertiv Holdings, Lumentum Holdings, Coherent Corp. and EchoStar Corporation into the index.

They replace Match Group, Molina Healthcare, Lamb Weston Holdings and Paycom Software, with the changes taking effect before the market opens on Monday 23 March.

With trillions of dollars in assets tracking the S&P 500, the rebalance typically prompts buying from passive funds, often providing a short-term lift to new members.

Shortly after the S&P Global announcement, on Friday 6 March, all four companies’ shares rose on average 8% as investors began anticipating the increased flow.

Three out of the four incoming firms supply critical infrastructure for the AI boom, from power and cooling systems to high-speed optical components.

According to S&P Global, the changes show how sustained AI investment has become a structural force in the market, to the point that it is reshaping the index composition.

Big Tech is guiding for roughly €600bn in AI spending this year alone.

Vertiv

Vertiv Holdings specialises in critical digital infrastructure, offering power management, thermal management and modular systems that support high-density computing in data centres.

The company has seen explosive demand for liquid cooling and high-power solutions as AI workloads drive energy consumption far beyond conventional levels.

According to Vertiv’s fourth quarter 2025 earnings, released in February, organic orders grew 252% year-on-year in the final quarter, pushing its backlog to $15bn (€13bn) –– a 109% rise from the previous year.

The book-to-bill ratio reached approximately 2.9 times and full-year 2026 guidance points to organic sales growth of 27% to 29%, indicating very strong requisition.

The firm’s strong performance reflects its central role in enabling the hyperscalers’ expansion of AI infrastructure.

Inclusion in the S&P 500 is expected to increase visibility and liquidity through passive fund inflows. This milestone underscores Vertiv’s evolution into a key enabler of the physical infrastructure powering AI growth.

Lumentum

Lumentum Holdings develops advanced optical components, lasers and transceivers that deliver the ultra-high-speed connectivity required inside data centres and across communications networks.

Its products are essential for handling the massive bandwidth demands of AI model training and inference.

In early March, Nvidia announced a multi-year strategic partnership with Lumentum that includes a $2bn (€1.7bn) investment to expand capacity, advance US-based manufacturing and deepen research and development collaborations.

This partnership came alongside multibillion-dollar purchase commitments for advanced laser components.

The S&P 500 addition elevates the profile of optical technologies as a foundational layer in next-generation AI infrastructure.

For Lumentum, the move reinforces its position as a critical supplier in the race to scale AI systems efficiently and at unprecedented speeds.

Coherent

Coherent Corp. focuses on photonics and laser technologies, with a strong emphasis on silicon photonics and high-speed optical interconnects designed for large-scale AI computing clusters.

The company has repositioned its portfolio to tackle latency and power-efficiency challenges in hyperscale environments.

Similar to Lumentum, the company recently disclosed a parallel strategic partnership with Nvidia, also including a $2bn (€1.7bn) investment and multibillion-dollar purchase commitments for advanced optics.

The collaboration targets technologies vital for future data centre architectures and supports expanding US manufacturing.

The S&P 500 inclusion recognises Coherent’s transformation and the structural demand from global AI build-outs.

Greater institutional interest and enhanced liquidity are widely expected once the rebalance takes effect. This development cements the company’s role as an indispensable partner in the infrastructure underpinning rapid advances in AI.

EchoStar

EchoStar Corporation is the outlier of the group as it is the only company being added to the S&P 500 that is not directly tied to the expansion of AI infrastructure.

The firm delivers satellite communications, video entertainment and broadband services, primarily through its DISH network operations.

The addition brings dedicated exposure to the communications sector, balancing the heavy tilt toward AI infrastructure providers in this quarterly update.

In line with its fellow entrants, EchoStar has delivered triple-digit gains over the past year, reflecting resilience in the telecom space amid broader technology shifts.

The move complements the data centre focus of the other new companies and underscores how communications continues to shape the composition of the US’ flagship equity index.

The quarterly adjustments follow a pattern of the S&P 500 evolving alongside technological shifts. While passive inflows deliver an immediate boost, the longer-term impact lies in better alignment with the sectors driving the modern economy.

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Award winning 100% rated drama that caused BAFTA controversy added to Netflix

It is based on a true story but some find it difficult to watch

I Swear: Interview with star Robert Aramayo and director Kirk Jones

An award winning and 100% rated drama that ended up causing controversy at the BAFTA ceremony has just been added to Netflix.

I Swear has just been included on the streamer’s extensive library as of today (March 10). Originally released in cinemas for a limited run just last year, the title tells the true life story of John Davidson, who grew up with Tourette syndrome in 1980s Scotland.

According to the synopsis, he was diagnosed at just 15 and was targeted as ‘insane’ by his peers. The film shows how he struggled with a condition few had witnessed.

He eventually becomes a campaigner to increase public awareness and fighting for acceptance of the condition of Tourette’s as an adult. He finds his life’s purpose and accepted his MBE from the Queen in 2019.

While the film is a dramatised version of John’s life, he has appeared in documentaries before. He starred in a BBC film back in 1988 and a documentary released in 2009 called I Swear I Can’t Help It.

The biopic was welcomed with overwhelmingly positive reviews by critics upon its release. So much so that it boasts a perfect 100% rating on website Rotten Tomatoes.

However, more recently the film’s subject was attached with some controversy. While leading man Robert Aramayo picked up the BAFTA for Best Actor thanks to his performance, it was not the most talked about event of the night.

The subject of the film John Davidson was also in attendance on the night. His presence became apparent by those watching along from home at first as they heard some shouting during the show.

Actor and host of The Traitors US Alan Cumming was presenting and he asked for patience from the audience at the time. He told them during the show: “You may have noticed some strong language in the background. This can be part of how Tourette’s syndrome shows up for some people as the film explores that experience. Thanks for your understanding and helping create a respectful space for everyone.”

However, in one instance, while actors Michael B Jordan and Delroy Lindo were on the stage, a racial slur was shouted out by John and included on the BBC’s broadcast. It eventually lead to the stream of the awards ceremony being removed from the iPlayer.

In an interview after the Baftas, Davidson has said the BBC should have “worked harder to prevent anything that I said” being broadcast. He added that he shouted about 10 different offensive words during Sunday’s ceremony as a result of his tics.

Some have argued that the incident only highlights the importance of the film itself. As one person posted online: “I Swear is an audacious biopic that has no issues tackling the roots of a serious topic, and its dedication to that task does lead to some scenes that will certainly be upsetting to some viewers.”

Another added: “Robert Aramayo delivers a fearless, deeply human performance in this compassionate biopic. I Swear balances humour and heartbreak while shedding light on Tourette syndrome, reminding us how much empathy society still owes.”

While a third commented: “Honestly I left the cinema seriously thinking if I’d ever seen a better movie! It’s so perfect from the casting to the time jumps. It’s a beautiful written story that really captures the essence of what it is to be different and how hard it must be to live with Tourette’s. Several goosebumps moments with a lot of humour!”

Someone else said: “This is a fabulous film which made me laugh and cry in equal measure. It captured the difficulties and complexities of living with Tourette’s syndrome with a startling level of authenticity. The acting was superb and I came out realising that I’d seen something very special. I’ll be thinking about it for weeks.”

I Swear is streaming on Netflix.

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