Marvell stock soars 20% as Nvidia's Huang says it could be the next trillion-dollar company
Key points
- In this article NVDA MRVL Follow your favorite stocks CREATE FREE ACCOUNT Jensen Huang, chief executive officer of Nvidia Corp., speaks at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, on Monday, June 1, 2026. Lam Yik Fei | Bloomberg | Getty Images Nvidia's CEO Jensen Huang hailed Marvell Technology as the next trillion-dollar firm, sending its shares up 20% on Tuesday.
- The semiconductor firm, which designs chips for data centers, soared after Huang touted the company's efforts in supplying the AI infrastructure build-out during an onstage appearance with Marvell CEO Matthew Murphy at Computex Week in Taipei on Monday.
- Marvell is set to be the "next trillion-dollar company," Huang said, adding that the company's networking and connectivity chips are essential to data centers where computing tasks are spread across thousands of connected chips that need to share data quickly.
- Stock Chart Icon Stock chart...
Quick Summary
In this article NVDA MRVL Follow your favorite stocks CREATE FREE ACCOUNT Jensen Huang, chief executive officer of Nvidia Corp., speaks at the Nvidia GTC
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Marvell stock soars 20% as Nvidia's Huang says it could be t.
Key Takeaways
- In this article NVDA MRVL Follow your favorite stocks CREATE FREE ACCOUNT Jensen Huang, chief executive officer of Nvidia Corp., speaks at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, on Monday, June 1, 2026.
- Lam Yik Fei | Bloomberg | Getty Images Nvidia's CEO Jensen Huang hailed Marvell Technology as the next trillion-dollar firm, sending its shares up 20% on Tuesday.
- The semiconductor firm, which designs chips for data centers, soared after Huang touted the company's efforts in supplying the AI infrastructure build-out during an onstage appearance with Marvell CEO Matthew Murphy at Computex Week in Taipei on Monday.
- Marvell is set to be the "next trillion-dollar company," Huang said, adding that the company's networking and connectivity chips are essential to data centers where computing tasks are spread across thousands of connected chips that need to share data quickly.
- Stock Chart Icon Stock chart icon Marvell Technology shares year-to-date.
📌 Source: CNBC
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