Nvidia CEO Jensen Huang’s endorsement of Marvell as a future $1 trillion company lifts shares to record highs.
Marvell Technology (NASDAQ:MRVL) surged over 27% after Nvidia CEO Jensen Huang called it “the next trillion-dollar company” during a keynote at Computex. The rally pushed Marvell’s market capitalization to $244 billion, extending its year-to-date gain to nearly 230%.
Huang’s remarks followed Marvell’s record Q1 fiscal 2027 earnings, with revenue rising 28% year-over-year to $2.42 billion. The companies collaborate on AI infrastructure, including Nvidia’s NVLink Fusion ecosystem, where Marvell’s silicon and optical transceivers enable large-scale GPU deployments.
The endorsement underscores Marvell’s role in addressing data center bottlenecks as AI clusters expand. Shares reached fresh highs, reflecting investor confidence in its growth trajectory tied to Nvidia’s AI ecosystem.