Nvidia Endorsement Sends Marvell Shares Up 33%, Adding $56B Market Value
MRVL•Nvidia CEO Jensen Huang endorsed Marvell Technology as the next trillion-dollar company at Computex, sparking a 33% one-day share gain that added $56 billion in market value. Nvidia’s $2 billion equity investment and Marvell’s connectivity chips addressing data-center networking bottlenecks underpin growing bullish sentiment.
1. Jensen Huang’s Computex Endorsement
During Marvell CEO Matt Murphy’s keynote at Computex, Nvidia CEO Jensen Huang lauded Marvell as the ‘next trillion-dollar company,’ emphasizing the critical role of its networking and connectivity chips in enabling data-center AI workloads.
2. Record One-Day Rally
Following Huang’s comments, Marvell shares surged around 33% in a single session—the biggest one-day increase on record—adding roughly $56 billion in market value and pushing its valuation above $250 billion.
3. Nvidia’s Strategic Investment
Nvidia’s approximately $2 billion equity investment in Marvell links Marvell’s switches, optics, and custom AI accelerators to Nvidia’s AI Factory infrastructure, reinforcing long-term collaboration and supporting bullish sentiment.
