Home / Business and Economy / Nvidia CEO: Marvell to be next $1 Trillion Tech Giant
Nvidia CEO: Marvell to be next $1 Trillion Tech Giant
2 Jun
Summary
- Nvidia CEO Jensen Huang predicted Marvell will become a $1 trillion company.
- Huang highlighted Marvell's essential role in AI system connectivity.
- Marvell's shares climbed over 20% in premarket trading following Huang's comments.
Shares in Marvell Technology experienced a significant surge in premarket trading on Tuesday, following enthusiastic endorsements from Nvidia CEO Jensen Huang. During a conference in Taiwan on Monday, Huang declared that the California-based chipmaker "will be the next trillion-dollar company," a bold prediction met with enthusiasm by Marvell CEO Matthew Murphy.
Huang elaborated that Marvell's importance stems from its ability to provide essential connectivity across disaggregated AI systems, which is critical as demand for useful AI continues to escalate. His comments directly contributed to Marvell's stock price climbing more than 20% in premarket hours on Tuesday, building on a strong performance over the past year.
This surge in Marvell's valuation is also influenced by a $2 billion investment from Nvidia made earlier in 2026, which aimed to integrate Marvell's products with Nvidia's AI systems. Marvell's stock has seen remarkable growth, nearly tripling since June 2025 and increasing by 145% year-to-date in 2026.
The broader tech sector continues to benefit from the AI boom, with several companies, including Micron, SK Hynix, and TSMC, recently surpassing the $1 trillion market capitalization mark. Currently, 14 companies globally are valued over $1 trillion, predominantly in the tech industry, with Nvidia leading as the world's most valuable company.
