The headline reflects a near-term sentiment/visibility boost from a major industry executive; the reported price action is premarket and driven by the commentary rather than new Marvell financial results.
Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company' Reuters Tue, June 2, 2026 at 10:44 AM GMT+2 1 min read MRVL NVDA June 2 (Reuters) - Marvell Technology's shares surged 23% in premarket trading on Tuesday after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar company. " Huang and Marvell CEO Matt Murphy were speaking at the Computex week in Taipei on Tuesday. Earlier this year, Nvidia invested $2 billion in Marvell, as part of its efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia's networking gear and central processors.
Marvell last week forecast that its custom chips business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers. The surge in AI adoption has fueled demand for specialized chips, which along with Marvell's interconnect technologies, play a critical role in advanced data centers by linking thousands of processors used to train and run AI models. Marvell shares were last up 23% at $269.
93, set to add more than $44. 6 billion in market capitalization if gains hold. Nvidia shares also gained 1.
2%.
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