Marvell stock soars 32% as Nvidia’s Huang says it could be the next trillion-dollar company Marvell Technology experienced its largest single-day stock gain, rising 32.52%, after Nvidia CEO Jensen Huang predicted it could become the next trillion-dollar company. Huang emphasized Marvell’s critical role in providing networking and connectivity chips essential for the expanding AI infrastructure and data centers. The semiconductor firm, which designs chips for data centers, cloud computing, AI, and other high-performance applications, saw its market cap exceed $250 billion following Huang’s remarks at Computex Week.

• Marvell Technology’s stock increased by 32.52%, marking its largest one-day gain.
• Nvidia CEO Jensen Huang predicted Marvell could be the next trillion-dollar company.
• Huang highlighted Marvell’s essential networking and connectivity chips for AI infrastructure and data centers.
• Marvell designs chips for data centers, cloud computing, AI, enterprise networking, 5G, and automotive systems.
• Nvidia recently committed to a $2 billion investment in Marvell and is investing in photonics technology.