Jensen Huang Says Marvell Technology Is the Next Trillion-Dollar Company.
How Quickly Can It Get There?
Nvidia CEO Jensen Huang is a bit of a visionary these days. When he speaks, people don’t just notice, but they make investment decisions based on his words. That’s why when he recently said Marvell Technology (NASDAQ: MRVL) would be worth $1 trillion one day, investors were quick to buy up shares in the chip company.
Marvell is nowhere near a $1 trillion valuation today, as its market cap is closer to $250 billion. If Huang’s projection proves to be correct, however, you could generate a 4x return if you were to invest in Marvell’s stock right now. But just how quickly could it really be for the company to soar to such a lofty valuation?