Key facts
- Marvell Technology stock reached new all-time highs.
- Nvidia CEO Jensen Huang predicted Marvell Technology could become a trillion-dollar company.
- Huang highlighted Marvell's role in AI data center networking infrastructure.
- Nvidia invested $2 billion in Marvell earlier this year.
- Barclays analyst projects 90% optical-networking revenue growth for Marvell.
Marvell Technology shares reached new all-time highs following a prediction by Nvidia CEO Jensen Huang that the company could become a trillion-dollar entity. Huang emphasized Marvell's critical role in AI data center networking infrastructure, a sector experiencing significant growth. This endorsement follows Nvidia's earlier $2 billion investment in Marvell to support custom AI chips integrated with Nvidia's networking and processing hardware. Barclays analyst Tom O'Malley projects Marvell's optical-networking revenue could grow by 90% this year and next, further bolstering investor confidence. Marvell stock has surged 265% in the past year, leading investors to evaluate its future growth potential.