Quick Read – Marvell shares surged 84% in a month after Jensen Huang named it the next trillion-dollar company, backed by Nvidia’s $2 billion strategic investment. – HPE jumped 92% in a month on 148% networking revenue growth, while Goldman Sachs halved its Intuit price target…
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Jensen Huang has spent the last three years declaring various inflections, factories, and platforms, and the market has spent those same three years front-running every one of them. So when the NVIDIA (NASDAQ:NVDA) CEO reportedly called Marvell Technology (NASDAQ:MRVL) the next trillion-dollar company, traders treated the comment as gospel. Marvell shares have now shot up 84% in just the past month.
This is an extraordinary move for a company that already carries a market capitalization of roughly $264 billion. The endorsement landed with extra force because NVIDIA had recently put real money behind it. NVIDIA invested $2 billion in Marvell, which turns a CEO compliment into something closer to an industrial alliance.