# Nvidia CEO hails Marvell, optical stocks rocketing — jump on the AI hardware rally

_AI-generated trading idea · LONG · COHR, LITE, MRVL_

> Canonical page: https://commonquant.ai/research/for-you/nvidia-ceo-hails-marvell-optical-stocks-rocketing-jump-on-th--e33b5a41-da79-43bf-815b-4b65ee5b5b44

Nvidia's CEO publicly praised Marvell Technology and predicted it will reach a $1 trillion valuation. His comments sparked a massive rally in Marvell and optical component makers like Lumentum and Coherent.

## Idea

When the most influential figure in AI endorses a company and predicts a massive valuation, the market pays attention. Nvidia's CEO specifically called out Marvell and the arrival of 'useful AI,' sending Marvell, Lumentum, and Coherent sharply higher. This type of high-conviction endorsement from an industry leader often kicks off a multi-day momentum run in the companies that supply the hardware. Buyers are stepping in fast, and getting in early on this momentum could yield quick gains.

## Key details

- Symbols: COHR, LITE, MRVL
- Timeframes: 1D
- Tags: \#AI, \#semiconductors, \#momentum

## Community

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## News sources

- [HPE Rises on Sales Outlook; Victoria's Secret Soars on Profit Beat \| Stock Movers](https://www.bloomberg.com/news/videos/2026-06-02/hpe-rises-on-sales-outlook-victoria-s-secret-soars-on-profit-beat-stock-movers) — Bloomberg
- [Why Lumentum, Coherent and other optical stocks are rocketing toward big gains](https://www.marketwatch.com/story/why-lumentum-coherent-and-other-optical-stocks-are-rocketing-toward-big-gains-d5a2e9c7?mod=mw_rss_topstories) — MarketWatch

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