Marvell Jumps 25% After Huang Calls It Next $1 Trillion Company
Updated
Updated · CNBC · Jun 2
Marvell Jumps 25% After Huang Calls It Next $1 Trillion Company
3 articles · Updated · CNBC · Jun 2
Marvell shares surged 25% in premarket trading Tuesday after Nvidia CEO Jensen Huang said at Computex in Taipei that the chipmaker could become the next $1 trillion company.
Huang tied that call to Marvell's role in AI data centers, saying its networking and connectivity chips are critical for linking thousands of processors that must exchange data across large computing clusters.
The rally added to a sharp run already underway: Marvell stock is up more than 158% year to date as investors bet on demand for AI infrastructure.
Nvidia has already committed $2 billion to Marvell and is also backing photonics developers, underscoring a broader push into faster, more efficient data-transfer technology for AI systems.
With AI's immense energy thirst, is the tech industry on a collision course with global power grids?
As nations race to build sovereign AI, is the world entering a new, high-stakes technological cold war?
Marvell Technology Poised for Trillion-Dollar Valuation: Nvidia’s $2B Investment and the Future of AI Data Centers
Overview
In June 2026, Nvidia CEO Jensen Huang publicly called Marvell 'the next trillion-dollar company' at Computex, immediately sparking a strong market reaction and shifting investor perception. This endorsement highlighted Marvell’s key role in designing high-performance chips for AI data centers and infrastructure. As a result, investor optimism soared, with confidence in Marvell’s growth further boosted by its forecast to exceed $10 billion in custom chip revenue by 2029. The combination of Huang’s statement and Marvell’s strategic positioning established the company as a crucial enabler for the rapidly expanding AI sector.