Nvidia's CEO just crowned Marvell the next trillion-dollar company — ride the optical stock wave
Nvidia's CEO Jensen Huang just told a crowd at Computex that Marvell Technology will be a trillion-dollar company, sending its stock up 18%. His comments lit a fire under the entire optical networking sector — the companies that make the high-speed connections AI data centers can't live without.
Idea
When the most influential person in AI — Nvidia's Jensen Huang — publicly says a company will hit a trillion-dollar valuation, the market listens. His endorsement of Marvell at Computex is spilling over into the whole optical component space because these companies make the lasers, transceivers, and fiber connections that connect AI servers together. Alphabet also just committed $80 billion to AI infrastructure, which means massive orders for exactly these types of components. The optical stocks are still early in their move and haven't gotten the same attention as the big-name chip stocks yet.
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News sources
- Broadcom Jumps 6% on Alphabet $80B AI Raise, Marvell Soars 18% on Jensen Huang's $1T Endorsement — Yahoo Finance
- Marvell stock soars as Nvidia CEO calls chipmaker 'the next trillion-dollar company' — Yahoo Finance
- Why Lumentum, Coherent and other optical stocks are rocketing toward big gains — MarketWatch