Jensen Huang has a knack for moving markets with a single sentence. At Computex Week in Taipei on June 2, the Nvidia CEO pointed at Marvell Technology and essentially said: that’s the next trillion-dollar company.
Marvell’s stock responded the way you’d expect when the most influential person in AI hardware gives you a public coronation. Shares surged as much as 29%, hitting a record high near $273-$274 and adding over $47 billion to the company’s market capitalization at peak gains.
The Nvidia halo effect spreads to optical stocks
Huang’s endorsement wasn’t just about Marvell. It was a thesis statement on the future of AI infrastructure, and specifically, the optical components that make it work. The market heard the message loud and clear. Lumentum shares climbed 13.3%, while Coherent jumped 17.3%. Both companies make optical networking components that feed into the same ecosystem Huang was championing.
Nvidia put $2 billion into Marvell back on March 31 as part of a strategic partnership focused on NVLink Fusion and advanced optical interconnects. When someone writes a check that size and then publicly calls you the next trillion-dollar company, that’s not a casual observation. That’s a roadmap.
