Marvell Technology and Flex will join the S&P 500 on June 22, replacing Pool Corp and The Campbell's Company, highlighting the tech sector's growing importance.
Marvell Technology's stock price jumped more than 20% on June 2 after Nvidia CEO Jensen Huang predicted the semiconductor company could become the "next trillion-dollar company." Huang praised Marvell's role in AI system connectivity during an event in Taiwan.
Nvidia CEO Jensen Huang predicted Marvell Technology will be the next trillion-dollar company, boosting Marvell shares by 30%. Huang highlighted Marvell's essential role in AI infrastructure and data center connectivity at Computex Week in Taipei.
Szef Nvidii Jensen Huang zasugerował, że Marvell Technology może być kolejną firmą wartą bilion dolarów, chwaląc jej rolę w infrastrukturze AI. Po jego wypowiedzi akcje Marvell wzrosły o ponad 28%.
Nvidia CEO Jensen Huang predicted Marvell Technology will be the next trillion-dollar company, boosting Marvell's shares by 20%. Huang highlighted Marvell's essential role in AI infrastructure and data center connectivity at Computex Week in Taipei.
Nvidia CEO Jensen Huang predicted Marvell Technology will be the next trillion-dollar company, boosting Marvell's shares by 20%. Huang highlighted Marvell's essential role in AI infrastructure and data center connectivity during an appearance at Computex Week in Taipei.
Nvidia CEO Jensen Huang praised Marvell Technology, predicting it will be the next trillion-dollar company. Huang highlighted Marvell's essential role in AI infrastructure and data center connectivity at Computex Week in Taipei, boosting Marvell's shares.
Nvidia CEO Jensen Huang predicted Marvell Technology will be the next trillion-dollar company, boosting Marvell's stock by 25% in premarket trading. Huang highlighted Marvell's essential role in AI infrastructure and data center connectivity.
The author likes Marvell Technology (MRVL) due to its strong AI infrastructure story and custom silicon demand, but advises against chasing the stock before earnings due to its extended chart and high valuation. Instead, a trade is proposed: selling the MRVL June 5th weekly 162.5 Put at $3.60 to generate income while waiting for a potential pullback.
