Jensen Huang did not need a lengthy presentation to move markets on Tuesday. The Nvidia CEO simply called Marvell Technology the next trillion-dollar company at Computex week in Taipei. That was enough. Marvell shares surged 23% in premarket trading. If those gains held, the move would add more than $44.6 billion to Marvell’s market capitalization in a single session.
Huang made the remarks alongside Marvell CEO Matt Murphy. Together, the two leaders appeared at one of the tech industry’s most closely watched annual events. Their joint appearance alone sent a clear signal to investors about the strength of the relationship between the two companies.
A partnership backed by real money
The endorsement did not come out of nowhere. Earlier this year, Nvidia invested $2 billion in Marvell. The strategic rationale was straightforward. Nvidia wanted to make it easier for its customers to use the custom AI chips that Marvell designs alongside Nvidia’s networking gear and central processors. In other words, the investment was not just financial. It was structural, tying the two companies together at the product level.
That integration matters increasingly as AI infrastructure becomes more complex. Marvell’s interconnect technologies play a critical role in advanced data centers. Specifically, they link the thousands of processors used to train and run AI models. As a result, demand for Marvell’s products has grown in step with the broader surge in AI adoption across the industry.
Revenue projections back up the hype
Huang’s trillion-dollar declaration was not without foundation. Just last week, Marvell forecast that its custom chips business would surpass $10 billion in revenue by fiscal 2029. That projection reflects the scale of investment cloud companies are currently pouring into AI data center expansion. Furthermore, it positions Marvell as one of the primary beneficiaries of that spending wave.
Marvell shares were last trading at $269.93 in premarket activity, up 23% on the session. Nvidia shares also gained, rising 1.2% on the day. The broader AI enthusiasm that has driven much of the semiconductor sector’s performance in recent years showed no signs of cooling on Tuesday morning.
Source: Reuters / Yahoo Finance
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