Marvell stocks soared over 30% after the Nvidia chief's announcement, according to various media reports. Earlier this year, Nvidia announced $2 billion investment in Marvell Technology to deepen their strategic partnership.

During a keynote at the Computex trade show in Taipei, Nvidia CEO Jensen Huang touted networking chipmaker Marvell as the next trillion-dollar company.

June 2 : Marvell Technology's shares surged more than 24 per cent in premarket trading on Tuesday after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar…