Shares of Marvell Technology jumped 17% overnight after Nvidia CEO Jensen Huang dubbed it the “next trillion-dollar company” during a Computex presentation. The company, backed by Nvidia's $2 billion investment, derives roughly 76% of revenue from its data center segment and has raised fiscal 2027 and 2028 guidance.
During a keynote at Computex in Taipei, Nvidia CEO Jensen Huang described Marvell as the “next trillion-dollar company,” triggering a 17% surge in shares in overnight trading.
In March, Nvidia committed $2 billion to Marvell, reinforcing their collaboration in AI infrastructure and boosting investor confidence in Marvell's growth trajectory.
Marvell reported that its data center business accounted for 76% of first-quarter revenue, driven by demand for networking components and custom AI accelerators.
With a market capitalization of about $192 billion, Marvell would need a roughly 420% increase to reach a $1 trillion valuation, leading management to raise fiscal 2027 and 2028 revenue guidance.
