Nvidia's CEO just anointed Marvell as the next trillion-dollar chipmaker — ride the AI wave
Nvidia CEO Jensen Huang stood on stage at Computex and publicly predicted that Marvell Technology will become a trillion-dollar company, calling this the era of 'useful AI.' The endorsement from the most influential leader in artificial intelligence sent Marvell's stock soaring nearly 19%.
Idea
Jensen Huang is the single most credible voice in the AI industry right now — when he publicly calls Marvell the next trillion-dollar company on a major stage, that's not casual commentary, it's a signal. Marvell makes custom chips that power AI data centers, so the fundamental thesis is sound. Meanwhile, Alphabet just announced an $80 billion AI capital raise, which means hyperscale spending is accelerating and companies like Marvell and Broadcom stand to capture a big slice of that budget. Broadcom also jumped 6% on the same news, confirming the whole AI-chip supply chain is getting a fresh bid.
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- 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
- HPE Rises on Sales Outlook; Victoria's Secret Soars on Profit Beat | Stock Movers — Bloomberg