Chipmaker Marvell Shares Rise 25% After Nvidia’s Jensen Calls It ‘Next Trillion Dollar Company’
Chipmaker Marvell Shares Rise 25% After Nvidia’s Jensen Calls It ‘Next Trillion Dollar Company’
Publish Date: 2026-06-02 06:53:00
Source Domain: www.forbes.com
- Marvell Technology’s stock price surged over 25% in premarket trading on Tuesday following a bullish remark from Nvidia CEO Jensen Huang who called Marvell the “next trillion-dollar company” during a Computex keynote.
- Marvell CEO and Chairman Matt Murphy invited Huang on stage to discuss their strategic partnership announced in March. Huang emphasized Marvell’s focus on networking semiconductors and “useful AI”.
- Marvell’s stock price had already risen 7% the day before and is up over 158% since the start of the year; its market cap breached $100 billion for the first time in December 2024.
- The context also includes significant activities from the Computex show involving ARM Holdings where Huang’s presence was again influential, pushing ARM’s stock price up by 15.73%.
- Additionally, Monday saw the launch of Nvidia’s new consumer chip, the RTX Spark, highlighting a move towards integrated consumer chips in collaboration with ARM, marking competition with rivals like Qualcomm, Apple, Intel, and AMD.
