Marvell stock jumps 25% after Nvidia CEO calls it 'next trillion-dollar company'

Shares of Marvell Technology (MRVL) surged more than 25% in trading after Nvidia (NVDA) CEO Jensen Huang called the custom chipmaker "the next trillion-dollar company" during his keynote at Computex Taipei 2026. The comment comes amid a broader AI trade upswing that lifted several tech stocks.

Details

Huang made the remark during a fireside chat at the conference, praising Marvell's capabilities in designing custom chips for AI applications. Marvell has not yet issued an official response. Separately, Hewlett Packard Enterprise (HPE) shares rallied over 30% after the company reported fiscal second-quarter results that beat analyst estimates on both adjusted earnings and revenue.

Context

The moves are part of a broader rally in AI-related stocks, as investors continue to focus on companies tied to the sector. Marvell is a key player in custom chip design, positioning it to benefit from rising demand for AI infrastructure.

What this means for investors

While Huang's endorsement highlights Marvell's potential, investors should monitor the company's actual financial performance and valuation relative to peers. The sharp stock moves may be driven by sentiment, warranting caution.