Chipmaker Marvell Shares Rise 25% After Nvidia’s Jensen Calls It ‘Next Trillion Dollar Company’
Chipmaker Marvell Shares Rise 25% After Nvidia’s Jensen Calls It ‘Next Trillion Dollar Company’
Publish Date: 2026-06-02 06:53:00
Source Domain: www.forbes.com
Topline
Shares of chipmaker Marvell Technology soared in premarket trading Tuesday, hours after Nvidia CEO and billionaire Jensen Huang called it the next trillion-dollar company at the Computex trade show in Taipei.
NVIDIA CEO Jensen Huang and Marvell CEO Matt Murphy during a keynote event at COMPUTEX.
Cheng Chia Huang/Getty Images
Key Facts
During his keynote speech, Marvell CEO and Chairman Matt Murphy invited Huang to the stage to discuss the company’s strategic partnership with Nvidia, announced in March.
After being welcomed on stage, the Nvidia CEO interrupted Murphy unprompted and said: “The next trillion-dollar company, ladies and gentlemen.”
Murphy quickly responded with excitement and told Huang, “Let’s do it together.”
Huang touted the arrival of what he called “useful AI” and artificial intelligence agents, and hyped Marvell’s networking semiconductors before reiterating: “That’s why they’re going to be the next trillion-dollar company.”
Murphy said they have got a “little work to do,” but they were on their way to it.
How Has Marvell’s Stock Price Been Impacted?
Marvell’s stock price surged more than 25% in premarket Tuesday, to $274. The overnight surge follows a 7% rise in the stock’s price on Monday. Marvell’s stock price is up more than 158% since the start of the year. The company’s market cap breached $100 billion for the first time in December 2024, and it stood at $191.96 at market close Monday.
Tangent
Huang made another appearance at a Computex keynote on Tuesday, when he was invited on stage by the CEO of the semiconductor giant ARM Holdings Rene Haas. On Monday, Nvidia revealed its first fully integrated chip made for Windows laptops and desktops, the RTX Spark, which uses a CPU based on ARM’s chips and is capable of running “personal AI agents,” marking the company’s first attempt to build a fully integrated consumer chip. When Haas congratulated him on the launch of RTX Spark, the Nvidia CEO quipped,…
