MRVL Stock Is Ripping Overnight After Nvidia CEO Crowns It 'Next Trillion-Dollar Company'

• Nvidia CEO Jensen Huang made the comment at the Computex conference.
• Marvell, which sells networking components, has received high interest in recent months amid the AI data center boom.
• In March, Nvidia announced a $2 billion investment in Marvell.

Marvell Technology shares rocketed 17% in overnight trading after Nvidia CEO Jensen Huang endorsed it as the “next trillion-dollar company” at the Computex conference in Taipei, Taiwan, on Tuesday.

Huang made the remark during an onstage conversation with Marvell CEO Matthew Murphy, shortly after Murphy concluded a presentation showcasing his company’s latest technologies.

To be sure, the comment was made in a lighthearted tone as Huang responded to Murphy’s congratulations on Nvidia’s slate of announcements during the opening day of Computex. Nonetheless, traders and online market observers viewed it as a strong endorsement of Marvell.

Retail Trader View On MRVL

MRVL emerged as the top most-discussed stock on Stocktwits around 1 am ET on Tuesday, with an ‘extremely bullish’ retail sentiment and ‘extremely high’ message volume.

Traders widely reposted Huang’s endorsement as a bullish signal for the stock, though some questioned whether the sharp gains were justified. “$MRVL This is kind of insane overnight pricing,” a trader said.

Another wrote: “They can just do the keynotes every couple of weeks and the stock will be$1000 by the year end.”

Still, investors broadly agreed that Marvell was emerging as a key player in AI infrastructure and poised for sharp growth.

The trillion-dollar market-cap club, once considered exceptionally exclusive, is becoming increasingly attainable — particularly for technology companies benefiting from the AI boom. There are currently 11 U.S.-listed companies valued at more than $1 trillion, including Big Tech giants Alphabet Inc., Tesla Inc., Apple Inc., Microsoft Corp., and Meta Platforms, Inc. 

Marvell currently has a market capitalization of about $192 billion, meaning its stock would need to gain roughly 420%, or more than fivefold, to join the trillion-dollar club.

MRVL Emerges As Key Player In AI Infra

In first-quarter results issued last week, Marvell said its data center business now accounts for roughly 76% of total revenue, positioning the company at the center of custom silicon and high-speed interconnect technologies. 

The company, which has a wide portfolio of offerings, including networking chips, custom AI accelerators, optical and silicon photonics components, and telecom semiconductors, also raised its fiscal 2027 and 2028 expectations. 

In March, Nvidia invested $2 billion in Marvell as part of a broader partnership to integrate Marvell’s custom AI chips, networking gear, and silicon photonics technology into Nvidia’s NVLink Fusion ecosystem. 

As of the last close, Marvell shares have gained nearly 160% year-to-date, signaling strong investor interest and optimism.

On Monday, Huang highlighted other Nvidia partners such as ServiceNow, CoreWeave, Palantir, and Microsoft in his presentations, leading to gains in their shares.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read Next: Cathie Wood's ARK Loads Up NVDA Stock Amid PC Chip Boost — And Sold $57M In AMD