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Nvidia (NVDA) CEO Jensen Huang declared Marvell (MRVL) Technology as the next potential trillion-dollar company due to its essential data center connectivity that supports complex AI computing orchestration. This took place at the COMPUTEX 2026 conference on June 2, 2026.
Coherent, Lumentum, and Corning stocks surge Tuesday after Nvidia CEO Jensen Huang talks up optical networking demand.
The custom AI chip and networking components specialist expects its growth to accelerate in the coming years.
On this episode of Stock Movers with Alexis Christoforous: - Victoria's Secret (VSXY) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei.
Huang has lofty expectations for Marvell Technology.
Huang endorsement added over $44 billion in market cap
Marvell Technology Group Ltd. (NASDAQ:MRVL) shares jumped more than 27% on Tuesday after Nvidia CEO Jensen Huang publicly declared the chipmaker could reach a $1 trillion valuation, sending the stock to fresh highs following a blowout earnings report just days earlier. Huang made the remarks...
Marvell Technology (MRVL) stock has rocketed higher by over 25% after Nvidia (NVDA) CEO Jensen Huang declared the custom chipmaker to be “the next trillion-dollar company" at Computex Taipei 2026. Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma and EMJ Capital founder and president Eric Jackson examine the latest headlines moving stocks in the AI trade landscape. This news comes as Hewlett Packard Enterprise (HPE) shares surge by over 30% in response to the tech company beat past fiscal second quarter estimates on adjusted earnings and revenue.
Nvidia CEO's comments put the spotlight on Marvell's growing role in AI infrastructure.
This AI chip designer's shares jumped to fresh highs Tuesday after a vote of confidence from Nvidia CEO Jensen Huang.
Marvell Technology stock surged on Tuesday after partner Nvidia gave the company a ringing endorsement.
A share of the SPDR S&P Semiconductor ETF (NYSEARCA:XSD) closed at $226.42 on May 29, 2025. One year later, on May 29, 2026, it closed at $613.05, a 171% gain on a fund that markets itself, accurately, as a boring equal-weight basket of US chip stocks. If you put $10,000 into XSD the morning after ... A Boring Chip ETF Quietly Tripled in Value During the AI Boom
Shares of Broadcom (NASDAQ:AVGO) are up 6% in Tuesday’s premarket session, trading near $486 after closing Monday at $459.97. Marvell Technology (NASDAQ:MRVL) stock is up 17% to around $257, marking one of the sharpest single-session moves of the year for the custom-chip merchant. The double pop is being driven by two separate but reinforcing catalysts ... Broadcom Jumps 6% on Alphabet $80B AI Raise, Marvell Soars 18% on Jensen Huang’s $1T Endorsement
Stock Market Today: The Dow Jones index dropped Tuesday with U.S.-Iran talks ongoing. AI name Marvell stock soared 19%.
Marvell Technology stock was surging early Tuesday after getting a big endorsement from Nvidia CEO Jensen Huang, who reckons the chips-and-networking company can achieve a market value of more than $1 trillion. Nvidia’s Huang suggested Marvell’s shares could rise fivefold while speaking at the Computex conference in Taiwan alongside Marvell CEO Matt Murphy. Huang pointed to the need for networking infrastructure to connect data centers to power AI data centers.
New Teralynx T100 targets faster data movement in AI infrastructure.
Wall Street's main stocks are expected to open generally lower on Tuesday, despite oil prices and bond market pressure easing after President Trump said Hezbollah and Israel had agreed to "stop shooting" at each other. Dow Jones futures were down 214 points or 0.4%, while S&P 500 and...
Anthropic files confidential IPO paperwork, Marvell can be the next trillion-dollar company, IBM stock notches record high, and more news to start your day.
FEATURE The rebound in software stocks looked set to fizzle out as Wall Street pivoted back toward the chip and server makers that have helped power the market to all-time highs in recent months. Oracle fell 5%, ServiceNow dropped 5.
Marvell stock was up roughly 25% in premarket trading Tuesday, though its market cap would need to grow more than fivefold to reach $1 trillion
Marvell Technology (NASDAQ:MRVL) shares soared more than 22% in premarket trading on Tuesday after Nvidia Chief Executive Jensen Huang praised the semiconductor company and described it as the next “trillion-dollar company. ” The remarks added to growing investor enthusiasm surrounding Marvell’s role in the rapidly expanding artificial intelligence infrastructure market.
U.S. stock futures point to small losses while markets in Europe and Asia were largely in positive territory amid AI fever versus Mideast disquiet.