Marvell Technology Shares Surge Over 20% After Nvidia CEO's Trillion-Dollar Prediction

Shares of California-based semiconductor company Marvell Technology surged more than 20% on June 2 after Nvidia CEO Jensen Huang predicted it could become the "next trillion-dollar company. " During a stage appearance in Taiwan alongside Marvell CEO Matthew Murphy, Huang publicly praised the company saying Marvell has enabled greater connectivity across AI systems and that it may be the “next trillion-dollar company”. Soon after Huang’s comments, the tech firm's shares traded at an increased value of $267.41, up by over 20% the previous day. For those unaware, Marvell specializes in networking, connectivity, and data infrastructure technologies used in data centers and AI systems.

Jensen Huang on why Marvell could be the next trillion-dollar company

"Useful AI has arrived. It's the reason your demand is going through the roof," Huang told Murphy during the event. Murphy responded: "Whoa, that would be exciting! Let's do it together." Explaining his bullish outlook, Jensen Huang said Marvell plays a critical role in helping connect large-scale AI systems and data centers. "When you take a computing problem, and you disaggregate it into a lot of parts, and you distribute it across the entire data center, what's necessary is connectivity," Huang said. "That's the reason why Matt's doing so well. That's the reason why Marvell is so essential." “We’ve distributed and disaggregated computing so that it runs across these enormous clusters, so that we could get aggregating the total compute, the total memory, the total bandwidth that we have, and what makes it possible is connectivity,” the Nvidia CEO added.

Marvell shares jumps 20%

Jensen Huang’s remarks immediately caught the attention of investors, sending Marvell's stock sharply higher in premarket trading. Marvell shares were trading at $267.41 shortly after the US markets opened on Tuesday (June 2), up 22% from Monday's (June 1) closing price of $219. Marvell has been one of the biggest beneficiaries of the AI spending wave. The company's stock has climbed nearly 260% over the past year and is up around 145% so far in 2026. The company is currently valued at around $192 billion. To reach the $1 trillion milestone mentioned by Jensen Huang, its market value would need to increase more than five times from current levels.