A single endorsement from the most powerful voice in chips sent one stock into a frenzy
Some endorsements move culture. Others move markets. When Nvidia CEO Jensen Huang stepped onstage at the Computex trade show in Taipei, Taiwan, on June 2, 2026, and declared Marvell Technology the next trillion-dollar company, he managed to do both at the same time.
Marvell shares climbed as high as 24% in premarket trading following the remark, with the stock sitting at approximately $268.50 by 4:16 a.m. ET before settling around 22%. For a company carrying a market cap of roughly $192 billion, that kind of movement in a single session was not just a good day — it was a statement about where the AI infrastructure race is heading next.
What Huang actually said about Marvell
The comment came during an onstage exchange between Huang and Marvell CEO Matt Murphy at Computex. Murphy had just wrapped a presentation on his company’s latest technologies when he turned to congratulate Huang on Nvidia’s own string of announcements during the conference’s opening day.
Huang returned the praise with something much louder. Addressing the crowd, he told attendees that Marvell is the next trillion-dollar company. The tone was conversational, even playful, but the market did not treat it lightly. Traders and investors immediately began circulating the clip across platforms, treating the remark as a formal blessing from the most influential figure in the semiconductor space.
Marvell’s CEO had already been making the case
Before Huang ever opened his mouth, Murphy had been laying out a compelling argument for why connectivity is the next major bottleneck in AI development. His thesis walked through the progression of infrastructure challenges the industry has already solved.
First came compute, where Nvidia dominated and became the first company to reach a $5 trillion valuation. Then came memory, where demand for larger AI models pushed memory companies to scale at unprecedented rates, producing three new trillion-dollar companies in the process. Murphy argued that the bottleneck has now shifted to connectivity, and that Marvell sits at the center of that transition.
He pointed to the company’s own trajectory as evidence. When Marvell first began pivoting toward data center work, that segment accounted for less than 10% of total revenue. By the most recent quarter, data center revenue had grown to represent 76% of the business and was still climbing.
The Nvidia relationship runs deeper than words
Huang’s endorsement did not come out of nowhere. In March 2026, Nvidia invested $2 billion in Marvell as part of a broader partnership to integrate Marvell’s custom AI chips, networking hardware, and silicon photonics technology into Nvidia’s NVLink Fusion ecosystem. That deal had already signaled serious confidence in Marvell’s position in the AI supply chain.
Marvell’s product portfolio spans networking chips, custom AI accelerators, optical and silicon photonics components, and telecom semiconductors. The company also raised its fiscal 2027 and 2028 financial expectations alongside its first-quarter results the week prior, adding more fuel to investor optimism heading into Computex.
Retail traders treated it like a call to action
On Stocktwits, MRVL became the most talked-about stock around 1 a.m. ET on Tuesday, registering what the platform classified as extremely bullish sentiment and extremely high message volume. Traders debated whether the overnight price movement was justified, but the broader consensus leaned heavily toward Marvell being a legitimate long-term player in AI infrastructure.
Huang also highlighted other Nvidia partners during his Monday presentations, including ServiceNow, CoreWeave, Palantir, and Microsoft, each of which saw share gains following the remarks. However, nothing at the conference generated the kind of immediate, concentrated attention that his Marvell comment did.
To join the trillion-dollar club, Marvell’s stock would need to gain approximately 420% from its current valuation. That is a significant climb by any measure. But in an AI market that has already rewritten the rules on what is possible, investors are clearly not ruling it out.