Marvell shares surge 17% as Nvidia CEO targets trillion-dollar valuation
Jensen Huang’s comments at Computex in Taipei drive investor interest in Marvell Technology, which designs optical networking chips and AI accelerators for major cloud providers.
Shares in Marvell Technology rose 17 per cent in pre-market trading on Tuesday after Nvidia chief executive officer Jensen Huang described the custom chipmaker as the next trillion-dollar company. The surge followed a joint presentation at Computex in Taipei, where Huang appeared on stage alongside Marvell chief executive officer Matt Murphy to highlight the growing synergy between the two firms.
Marvell, which specialises in optical networking chips and custom AI accelerators, currently holds a market capitalisation of approximately $192 billion. While this figure remains significantly below the $1 trillion valuation cited by Huang, the comment has intensified market focus on the semiconductor sector, particularly as memory chip manufacturers Micron Technology, Samsung Electronics, and SK Hynix recently surpassed the trillion-dollar mark.
The rally comes against the backdrop of a strategic partnership formalised earlier this year, which includes a $2 billion investment from Nvidia into Marvell. This financial commitment underscores the deepening collaboration between the two technology giants as they navigate the escalating demand for artificial intelligence infrastructure.
Marvell’s growth trajectory is underpinned by its role in supplying silicon to major cloud providers, including Microsoft and Amazon. The company designs custom AI accelerators, known as XPUs, and projects that its custom chip business revenue will exceed $10 billion by fiscal 2029. This outlook is driven by sustained investment in AI data centres and the increasing complexity of cloud computing requirements.
The stock movement mirrors previous market reactions to Huang’s endorsements, with Marvell shares previously surging 22 per cent in early June 2026 following similar public statements. As Nvidia continues to expand its influence across the AI stack, investor sentiment remains closely tied to the performance and strategic positioning of its key partners in the semiconductor supply chain.
