Marvell’s market cap jumps to $234 billion
Nvidia CEO Jensen Huang has given Marvell Technology a significant boost by endorsing the company as the next trillion-dollar firm.
Marvell’s market cap was $191 billion before Huang’s comment.
The company’s stock rose 27% in morning trading after the endorsement, with its market cap increasing to $234 billion.
Nvidia announced plans to invest $2 billion in March, showing its interest in Marvell’s high-performance semiconductor products.