Marvell Stock Surges on Nvidia CEO's Trillion-Dollar Endorsement
Marvell Technology shares jumped approximately 32 percent on Tuesday after Nvidia CEO Jensen Huang publicly declared the chipmaker could become the next trillion-dollar company. Huang made the comments during a keynote at the Computex conference in Taipei, highlighting Marvell's essential role in data center networking and connectivity chips that enable distributed artificial intelligence computing. Marvell currently has a market capitalization around 250 billion dollars, meaning reaching one trillion would require the stock to climb over 400 percent. The company reported strong quarterly results with 2.4 billion dollars in revenue, up 28 percent year-over-year, and 76 percent of revenue now comes from data center operations. However, analysts and market observers offer caution: valuation multiples exceed 80 times forward earnings, insider selling has exceeded 32 million dollars in the past three months, and some critics worry that gains are driven more by Huang's celebrity status than by fundamental business drivers.
Key facts
- Marvell stock surged 32.5 percent on June 2, 2026, the largest single-day gain in company history
- Nvidia CEO Jensen Huang stated at Computex: The next trillion-dollar company, ladies and gentlemen, in reference to Marvell
- Marvell market cap reached approximately 250 billion dollars after the rally, still 750 billion away from the trillion-dollar threshold
- Marvell reported Q1 FY27 revenue of 2.418 billion dollars, up 28 percent year-over-year, with data center revenue representing 76 percent of total
- Stock trades at 80-102 times forward price-to-earnings ratio, significantly above historical norms and peer averages
- Nvidia invested 2 billion dollars in Marvell in March 2026 and announced a strategic partnership
- Insiders sold 32 million dollars worth of Marvell shares over the past three months
- Marvell forecasts custom chip revenue will exceed 10 billion dollars by fiscal 2029
Limits of this briefing
Most coverage comes from mainstream financial media with limited independent critical analysis. Left and right-leaning outlets did not significantly cover this story, so political perspective framing was not possible. Insider selling and high valuation multiples merit deeper investigation but were not extensively analyzed across sources.
Sources
- CNBC: Marvell stock soars 32% as Nvidia's Huang says it could be the next trillion-dollar company Centre
- Axios: Behind the Marvell surge: When Nvidia's CEO speaks, investors listen Centre
- The Motley Fool: Stock Market Today, June 2: Marvell Technology Surges After Nvidia CEO Highlights AI Infrastructure Role Centre
- Investing.com: Marvell Stock Soars on Nvidia's Trillion-Dollar Nod Centre
- TechBuzz.ai: Nvidia's Jensen Huang Calls Marvell Next Trillion-Dollar Chip Maker Centre