Jensen Huang Praises Marvell, Stock Jumps 25%

At the Computex conference in Taipei on June 2, Nvidia CEO Jensen Huang called Marvell Technology the next trillion-dollar company, appearing on stage alongside Marvell CEO Matt Murphy, according to CNBC and Yahoo Finance. CNBC reports Marvell shares rose about 25% in early trading and finished the session up roughly 32%, the stock's biggest one-day gain ever, narrowly topping a prior record set in May 2023.

Huang argued that Marvell's networking and connectivity chips are essential to modern AI data centers, where computing tasks are distributed across thousands of linked processors that must exchange data quickly, per CNBC. The endorsement carried added weight because, as CNBC notes, Nvidia recently invested about $2 billion in Marvell and other companies developing photonic and interconnect technology, deepening commercial ties between the two firms.

Not all commentary was bullish. CNBC's Jim Cramer flagged the single-day surge as concerning, noting it hinged largely on a rival CEO's prediction rather than new company financials or guidance.

As a general market pattern, high-profile endorsements from influential executives can drive sharp, sentiment-led repricing that outpaces changes in a company's underlying fundamentals. Such moves frequently see elevated volatility in following sessions as traders reassess, a recurring dynamic in momentum-heavy sectors like AI hardware rather than anything specific to Marvell's outlook.

Traceable follow-through signals include whether Marvell holds the gain in subsequent sessions, any updated guidance or design-win disclosures from the company, and analyst revisions to revenue and margin estimates that would support or undercut the trillion-dollar framing.