Nvidia’s Jensen Huang Just Gave Marvell Technology a Huge Boost
Nvidia’s Jensen Huang Just Gave Marvell Technology a Huge Boost
Publish Date: 2026-06-02 11:57:00
Source Domain: www.fool.com
Nvidia (NVDA +0.46%) CEO Jensen Huang isn’t afraid to make bold statements, and his bravado and vision have served the company well. Nvidia has become the largest publicly traded company in the world by market cap, with a valuation exceeding $5 trillion.
Obviously, Huang knows what it takes to get a company to the $1 trillion mark, and now he’s identified a fellow chipmaker with a market cap of less than $200 billion to hit that mark.
Here’s what he said about Marvell Technology (MRVL +28.77%).
Image source: The Motley Fool.
‘The next trillion-dollar company’
Huang gave Marvell his endorsement on Tuesday at the Computex trade show in Taipei, as he joined Marvell CEO Matthew Murphy on stage. “The next trillion-dollar company, ladies and gentlemen,” Huang said.
At the time, Marvell had a market cap of $191 billion, but Huang’s bold comment had an immediate impact. At the time of this writing, Marvell stock was up 27% in morning trading, and the company’s market cap has jumped to $234 billion.
Today’s Change
(28.77%) $63.12
Current Price
$282.55
Key Data Points
Market Cap
$192B
Day’s Range
$252.43 – $285.00
52wk Range
$61.15 – $285.00
Volume
2.9M
Avg Vol
27.4M
Gross Margin
50.64%
Dividend Yield
0.11%
Marvell is known for its high-performance semiconductor products, including data center switches that can route large volumes of traffic. Huang told the audience in Taipei that Marvell’s products are essential as computing tasks are spread across thousands of chips in data centers. “That’s the reason why Matt’s doing so well. That’s the reason why Marvell is so essential,” Huang said.
Huang’s interest in Marvell is more than just as a spectator. In March, Nvidia announced plans to invest $2 billion in Marvell and to deepen its partnership with the company to develop silicon photonics and other AI-centric telecommunications infrastructure hardware. Marvell stock jumped 13% the day that news broke, but Huang’s statement at the Computex trade show is…
