Marvell Technology experienced a significant increase in value following remarks from Nvidia's Mr. Huang, who referred to it as "the next trillion-dollar company."

Marvell Technology experienced a significant increase in value following remarks from Nvidia's Mr. Huang, who referred to it as "the next trillion-dollar company."

Marvell Technology's shares surged over 24% in premarket trading on June 2, 2026, after Nvidia CEO Jensen Huang predicted the semiconductor firm would become the next "trillion-dollar company." The endorsement was made during an onstage conversation with Marvell CEO Matt Murphy at the Computex 2026 conference in Taipei.

Market Reaction and Valuation ImpactStock Surge: Marvell shares spiked 24.4% to $272.90.Market Capitalisation: The gains are poised to add over $47.2 billion to Marvell's market cap, which previously sat around $192 billion.Nvidia Movement: Nvidia's own stock rose 1.4% alongside the announcement.

The AI Connectivity ThesisJensen Huang highlighted that the emerging AI computing paradigm relies heavily on distributed workloads across data centers. This creates an explosive demand for high-speed interconnects and optical networking technologies—areas where Marvell is an industry leader. Huang emphasized that as AI computing moves past copper wiring limitations, Marvell’s silicon photonics and optoelectronics technology have become entirely indispensable.

Strategic and Financial BackdropNVLink Fusion: The two companies share a deep strategic partnership, notably codeveloping NVLink Fusion to bridge heterogeneous cloud data centers.

Nvidia's Cash Injection: Nvidia backed this partnership with a $2 billion strategic investment in Marvell earlier this year.

Growth Forecasts: The endorsement aligns with Marvell’s recent prediction that its custom AI chips business will surpass $10 billion in revenue by fiscal 2029.