Marvell Technology (MRVL) Shares Surge 17% After Nvidia CEO Calls It 'The Next Trillion-Dollar Company'

Marvell Technology (MRVL) shares surged 17% in pre-market trading on June 2, 2026, after Nvidia (NVDA) CEO Jensen Huang called the custom chipmaker "the next trillion-dollar company" during a joint appearance at Computex Taipei. Huang made the remark as Marvell CEO Matt Murphy stood onstage, sparking a rally that pushed the stock sharply higher. Despite the jump, Marvell's market capitalization remained well below $1 trillion, ending the prior session at approximately $192 billion. Huang's endorsement follows Nvidia's announcement earlier this year of a strategic partnership and a $2 billion investment in the company. Marvell designs optical networking chips and custom AI accelerators known as XPUs for cloud providers including Microsoft and Amazon. Last week, the company projected its custom chip business would generate more than $10 billion in revenue by fiscal 2029, driven by accelerating investments in AI data centers.