Shares of Marvell Technology surged today after Jensen Huang described the company as the “next trillion-dollar company” during an appearance with Marvell CEO Matt Murphy at Computex in Taipei. The comments sparked a sharp rally in Marvell’s stock, pushing its market capitalization to roughly $230 billion to $240 billion and adding tens of billions of dollars in market value in a single trading session.
Huang’s endorsement reflects Marvell’s growing role in the artificial intelligence infrastructure market. The company supplies networking, custom silicon, and data center technologies that help connect and scale AI systems. Huang argued that as AI workloads become increasingly distributed across massive computing clusters, companies like Marvell will become essential to the industry’s expansion.
The optimism comes after Nvidia and Marvell deepened their relationship earlier this year. Nvidia made a $2 billion investment in Marvell and the companies announced plans to collaborate on custom AI chips, networking technologies, and silicon photonics solutions designed for next-generation AI infrastructure.
Marvell has also projected that its custom AI chip business will generate more than $10 billion in annual revenue by fiscal 2029, fueled by demand from hyperscale cloud providers building AI data centers. The company has become one of the primary beneficiaries of the global AI infrastructure spending boom.
While Marvell remains well below the trillion-dollar threshold, Huang noted that Nvidia itself once seemed far from that milestone before becoming one of the world’s most valuable companies. Marvell would need to increase its valuation more than fourfold from current levels to reach a $1 trillion market capitalization.
