Nvidia's billionaire CEO is playing kingmaker: His prediction of the next trillion-dollar company sent its stock soaring

Nvidia's billionaire CEO is playing kingmaker: His prediction of the next trillion-dollar company sent its stock soaring Joseph Zeballos-Roig Tue, June 2, 2026 at 10:25 PM GMT+2 4 min read NVDA MRVL Nvidia (NASDAQ: NVDA) CEO Jensen Huang is jumping into the prediction game by naming which company will be the next to join an exclusive club of predominantly tech firms with valuations of at least $1 trillion. His money’s on Marvell Technologies (NASDAQ: MRVL). While delivering a keynote address (1) at the Computex conference in Taiwan on Tuesday, Huang singled out Marvell for manufacturing the chips critical to data centers’ ability to rapidly and effectively transmit information to each other in an era of advanced connectivity.

He called it “the next trillion-dollar company. ” Must Read Prime US real estate was a rich person's game — then something changed. Now everyday Americans are getting a piece of the action for as little as $100 Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks.

Here’s where their money is going Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’ “That’s the reason why [CEO Matt Murphy is] doing so well. That’s the reason why Marvell is so essential,” Huang said at the conference. His comments sent Marvell stock soaring by nearly 30% on Tuesday afternoon to about $285 per share, a record price.

Huang added that interconnection stands to be the next phase in the AI development blitz that has taken over Silicon Valley and beyond. “When you take a computing problem, and you disaggregate it into a lot of parts, and you distribute it across the entire data center, what’s necessary is connectivity,” he said. Nvidia + Marvell Nvidia and Marvell strengthened their ties (2) this year.

In March, Nvidia announced it was investing $2 billion (3) into Marvell as part of a new partnership revolving around advanced AI chips. In the deal, Marvell said it would supply optical networking chips already used for cloud computing throughout Silicon Valley. Nvidia, in exchange, would provide the technological backbone through data centers and other AI infrastructure.

Marvell has posted a strong financial performance so far in 2026. It announced (4) $2. 4 billion in revenue in the first quarter of the year, up 28% year-over-year.

The company attributed the sharp revenue growth to its booming data-center business. “We are seeing exceptional AI-related bookings,” Marvell CEO Matt Murphy said in a news release (4) with its Q1 2026 results. He added the company was increasing its revenue outlook for the next two years.

Read More: Taxes are going to change under Trump’s ‘big beautiful bill’ — 4 reasons you can’t afford to waste time What it takes to reach the trillion-dollar club If Huang’s prediction turns out to be an accurate one, Marvell still has a significant gap to close before reaching a $1 trillion market valuation. Before Huang’s remarks, Marvell had a $191 billion market capitalization. Now analysts project Marvell’s market valuation stands at $234 billion, per Reuters.

(5) Nvidia is currently the world’s most valuable company with $5. 5 trillion (6) in market value. It surpassed the $5 trillion threshold (7) in late October as companies continued pouring staggering sums into developing AI.

The bulk of Nvidia’s business is built on the cutting-edge computer chips it produces to power data centers sprouting up from Silicon Valley to the suburbs of Virginia. On Monday, Nvidia introduced prototypes (8) for personal computers that exclusively use AI agents, or automated bots that can complete tasks such as software development. Over a dozen companies make up the $1 trillion club, according to Bankrate (9).

Microsoft, Apple, Alphabet, and Amazon are part of the roster. Last month, the chipmaker Samsung joined them (10) as corporate appetite for advanced chips has proven bottomless, and demand isn’t expected to ease up anytime soon in the AI infrastructure buildout. For chip manufacturers such as Marvell, it’s a profitable time to be one.

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CNBC ( 1 ); Marvell Technology ( 2 ), ( 4 ); The Wall Street Journal ( 3 ), ( 8 ), ( 10 ); Reuters ( 5 ); Yahoo Finance ( 6 ); The New York Times ( 7 ); Bankrate ( 9 ) This article originally appeared on Moneywise. com under the title: Nvidia's billionaire CEO is playing kingmaker: His prediction of the next trillion-dollar company sent its stock soaring This article provides information only and should not be construed as advice. It is provided without warranty of any kind.