Marvell Technology saw its shares rocket as much as 33% on June 2, 2026, after Nvidia CEO Jensen Huang took the stage at Computex and essentially anointed the semiconductor company as a potential “next trillion-dollar company.” The stock’s market cap briefly topped $250 billion, marking a 25-year high for a company that, until recently, sat comfortably in the shadow of flashier AI chip names.
The endorsement wasn’t just talk. It came on top of a $2 billion strategic investment Nvidia made in Marvell back on March 31, putting real money behind the rhetoric.
What’s actually driving the hype
Marvell’s story centers on two things: custom silicon and optical connectivity for AI data centers. The company’s data-center segment now accounts for roughly 73-74% of total revenues, and it grew 38% year-over-year in the most recent reporting period.
Looking ahead, Marvell has guided for 30-40% revenue growth in the data-center segment for fiscal year 2027.
