Key facts
- Marvell Technology shares surged 23% in premarket trading.
- Nvidia CEO Jensen Huang called Marvell Technology the next 'trillion-dollar company.'
- Huang and Marvell CEO Matt Murphy spoke at Computex week in Taipei.
- Nvidia previously invested $2 billion in Marvell.
- Marvell forecasts its custom chips business to surpass $10 billion in revenue in fiscal 2029.
Nvidia CEO Jensen Huang's public endorsement of Marvell Technology as a potential 'trillion-dollar company' has significantly boosted Marvell's stock. This high-profile recognition from a major industry player like Nvidia, especially during Computex week, signals strong confidence in Marvell's future growth prospects and its critical role in the expanding AI data center infrastructure.