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.
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.
