Nvidia's CEO just crowned Marvell the next trillion-dollar company — buy the AI chip laggard catching fire
Nvidia's CEO Jensen Huang went on stage at a major tech conference and publicly called Marvell Technology 'the next trillion-dollar company.' The stock surged 18-19%. At the same time, Alphabet announced it's pouring $80 billion into AI infrastructure, which also lifted Broadcom 6%.
Idea
This isn't just a random analyst upgrade — the CEO of Nvidia, the most important company in AI, literally called Marvell the next trillion-dollar company on stage at Computex. That kind of public endorsement from the industry's most respected figure carries real weight and draws in both retail and institutional buyers. Marvell makes custom AI chips for big cloud providers, so it benefits directly as companies like Alphabet spend tens of billions on AI data centers. Broadcom, a similar custom-chip player, also rallied on the same Alphabet news, confirming the whole niche is heating up. When the AI spending theme broadens beyond Nvidia to 'the picks and shovels behind the picks and shovels,' stocks like Marvell can run further than people expect.