Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang handed Marvell Technology Inc. (NASDAQ:MRVL) one of the most powerful endorsements in recent semiconductor history Monday, declaring the chipmaker the “next trillion-dollar company” during a joint appearance at Computex in Taipei — and Wall Street responded immediately.
MRVL stock is climbing today. See the chart and price action here.
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Shares of Marvell surged as much as 22% in premarket trading Tuesday, with the stock changing hands around $258.58 as of early morning.
The move adds to an already extraordinary 2026 run — MRVL has climbed more than 158% year-to-date, with a 52-week range stretching from $61.15 to $225.14.
