Marvell Technology shares jumped 32.52% following Jensen Huang’s prediction it could reach a $1 trillion market cap.
Marvell Technology (MRVL) shares surged 32.52% in a single session after Nvidia CEO Jensen Huang predicted the company could reach a $1 trillion valuation. The rally added tens of billions to Marvell’s market value, marking its largest one-day gain on record.
The $192 billion company’s stock spike followed Huang’s comments at the Computex event in Taipei, where he shared the stage with Marvell CEO Matt Murphy. The move exceeded typical volatility for a company of its size, raising concerns among some analysts.
Jim Cramer warned investors against chasing the rally, calling the surge “concerning” due to its reliance on a single executive’s forecast rather than fundamentals. He emphasized discipline but maintained a positive view of Marvell’s business and leadership.