Nvidia CEO crowns Marvell Technology the next trillion-dollar company as stock explodes 24%

Nvidia CEO: Marvell Is 'Next Trillion-Dollar Company' -- Stock Explodes 20% - Marvell Technology (NASDAQ:M

* MRVL stock is climbing today. See the chart and price action here. Shares of Marvell surged as much as 22% in premarket trading Tuesday, with the stock changing hands around $258.58 as of early morning. The move adds to an already extraordinary 2026 run -- MRVL has climbed more than 158% year-to-date, with a 52-week range stretching from $61.15 to $225.14. Jensen Hypes MRVL Huang made the comments while sharing the stage with Marvell CEO Matt Murphy at the annual Computex trade show. After Murphy wrapped a keynote presentation on AI infrastructure, Huang turned to the crowd and said: "The next trillion-dollar company, ladies and gentlemen." The remark was no throwaway -- Huang followed it with a detailed explanation of why Marvell's networking and connectivity chips are central to the AI buildout. "When you take a computing challenge, and you break it down into numerous components, distributing it throughout the entire data center, connectivity becomes crucial," Huang said. "This is why Matt is performing so well, and why Marvell is so vital." The thesis centers on a structural shift in AI infrastructure. As training and inference workloads scale across hundreds of thousands of interconnected chips, Huang argued the bottleneck is no longer raw compute power -- it's data movement. Marvell's optical interconnects, silicon photonics, and custom ASIC business sit in the middle of the bottleneck. Huang also reiterated Nvidia's previously announced $2 billion strategic investment in Marvell, framing the partnership as ecosystem complementarity rather than dependency under the NVLink Fusion platform. The Bottom Line Marvell's data center segment accounts for roughly 76% of total revenue, and the company has raised its revenue outlook through fiscal 2027 and 2028, with analysts projecting its custom chip business to double by fiscal 2028. Wall Street was already bullish heading into Tuesday. The analyst consensus sits at Buy with an average price target of $208 and a street-high of $300 from HSBC, according to Benzinga data. Marvell's current market cap is roughly $192 billion -- meaning it would need to nearly quintuple to hit the $1 trillion threshold Huang envisions. MRVL Stock Price Activity: Marvell Technology stock was up 18.40% at $259.80 during premarket trading Tuesday, according to Benzinga Pro. Over the past month, MRVL has gained about 57.0% versus a 5.3% rise in the S&P 500 and is up roughly 200% year-to-date compared to the index's 10.6% gain. The stock is trading at new 52-week highs. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'

Marvell Technology's shares surged more than 24 per cent in premarket trading on Tuesday after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar company." Huang and Marvell CEO Matt Murphy were speaking at the Computex week in Taipei on Tuesday. Marvell's market capitalization, as of last close, was just short of $192 billion, far below the one-trillion mark that Huang touted. Earlier this year, Nvidia invested $2 billion in Marvell, as part of its efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia's networking gear and central processors. Marvell last week forecast that its custom chips business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers. The surge in AI adoption has fueled demand for specialized chips, which along with Marvell's interconnect technologies, play a critical role in advanced data centers by linking thousands of processors used to train and run AI models. Marvell shares were last up 24.7% at $273.70, set to add more than $47.2 billion in market capitalization if gains hold. Nvidia NVDA.O shares also gained 1.8%. (Reporting by Shashwat Chauhan in Bengaluru; Editing by Subhranshu Sahu, Janane Venkatraman and Shinjini Ganguli)

Nvidia's Huang Says Marvell May Join $1 Trillion Club as AI Hardware Demand Soars

By Yang Jie and Sherry Qin Nvidia's Jensen Huang says Marvell Technology could be the next chip firm to join the trillion-dollar club, predicting a surge in demand for artificial-intelligence hardware fueled by the emergence of autonomous models. Speaking at a trade show in Taipei alongside Marvell CEO Matt Murphy, Huang mapped out the future of AI infrastructure, highlighting a strategic transition from copper cables to optical communications. "Useful AI has arrived," Huang said, citing the rise of autonomous AI agents that can run workflows and solve problems as the reason why demand for Marvell and Nvidia's respective products is "going through the roof." The high-profile joint appearance at Computex in Taiwan on Tuesday underscored the critical role of next-generation network fabrics in the AI era. Murphy, whose Santa Clara, Calif.-based company specializes in data infrastructure semiconductors and high-speed networking technology for data centers, opened his keynote by asserting that the next major wave of AI innovation will be driven by interconnection. Focusing solely on processor or memory fails to capture the full picture of hardware efficiency, said Murphy. Addressing the technical challenges of scaling massive AI data centers, Huang said that computing is becoming increasingly disaggregated and distributed, and to tie these sprawling systems together, the industry must rely heavily on advanced connectivity. "That's the reason why Marvell is so essential," the Nvidia CEO said, telling Murphy: "That's why you're going to be the next trillion-dollar company." Nvidia announced a strategic partnership with Marvell in March, saying that it has invested $2 billion in the company. Marvell's stock, which finished 7% higher on Monday, surged in off-hours trading on the Blue Ocean alternative system, climbing over 15%. Speaking on the industry's shift from copper wiring to silicon photonics for data transmission, Huang advocated for a pragmatic, cost-effective way to maximize the lifespan of existing copper architecture within AI systems while deploying more expensive optical links only where technically essential. As AI workloads become more complex, copper is hitting its physical limits, gradually pushing companies to turn more to optoelectronics. "You use optics wherever you must, [and] you use copper wherever you can," said Huang.