Marvell Technology (MRVL) Surges 24% After Nvidia CEO Touts Trillion-Dollar Potential

Marvell Technology shares jumped over 24% in premarket trading on June 2, 2026, after Nvidia CEO Jensen Huang called the chipmaker the next “trillion-dollar company” during a Computex event in Taipei. The stock was last up 24.4% at $272.90, on track to add more than $47.2 billion in market capitalization if gains hold. Nvidia shares rose 1.4% following the joint appearance with Marvell CEO Matt Murphy, where Huang highlighted Marvell’s position in AI infrastructure. The surge marks Marvell’s largest single-day gain in years and follows growing investor enthusiasm for custom AI chips and data-center networking. The company competes with Broadcom in the custom silicon market and has recently expanded partnerships with hyperscale cloud providers.