Marvell shares hit record high after Nvidia’s Huang calls it next trillion-dollar company

Jensen Huang's Computex endorsement sent Marvell stock surging as much as 32%, but the chipmaker's $240 billion market cap still has a long way to go before reaching that lofty target.

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Add us on Google by Editorial Team Jun. 2, 2026

Jensen Huang has a habit of moving markets with his mouth. The Nvidia CEO took the stage at Computex on June 2 and casually anointed Marvell Technology as “the next trillion-dollar company,” sending shares to an all-time high and adding tens of billions to the chipmaker’s valuation in a single trading session.

Marvell stock surged as much as 32% on the day, lifting its market capitalization to roughly $234 to $240 billion. That’s about $760 billion short of the milestone Huang projected.

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The Nvidia-Marvell connection runs deeper than a keynote shoutout

Nvidia invested $2 billion in Marvell back in March 2026 to accelerate work on silicon photonics and broader AI ecosystem collaboration.

The partnership centers on developing custom XPUs and NVLink Fusion-compatible networking chips. Nvidia builds the GPUs that power AI models, but those GPUs need to talk to each other across massive data centers. Marvell builds the networking and connectivity chips that make that conversation possible.

Huang specifically pointed to the explosive demand for AI hardware driven by autonomous AI agents as a key growth catalyst for both companies.

Marvell’s pivot to AI is already showing up in the revenue mix

Roughly 75% of the company’s revenue now comes from data center and AI-related connectivity products, according to its most recent quarterly results. That’s a dramatic transformation for a company that historically spread its business across storage, networking, and consumer electronics.

What this means for investors watching the AI chip space

At roughly $240 billion, the stock would need to roughly quadruple to reach the $1 trillion mark. Nvidia itself was worth around $300 billion in early 2023 before its AI-driven rally carried it past $3 trillion.

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