Jensen Huang just crowned Marvell the next trillion-dollar company — grab the optical stocks riding the AI wave
Nvidia's CEO Jensen Huang took the stage at a major tech conference and publicly predicted Marvell Technology will become a trillion-dollar company. His endorsement lit a fire under Marvell (up 18%) and also dragged up the whole optical-component sector — companies like Lumentum and Coherent that make the parts AI data centers desperately need.
Idea
When the most influential person in AI stands on stage and says a specific company will hit a trillion-dollar valuation, the market pays attention — Marvell jumped 18% on the spot. But the ripple effect is just as important: Jensen Huang's excitement about AI reaching its 'useful' phase means data centers need to connect more chips together faster, which is exactly what optical-component makers like Lumentum and Coherent do. These companies are the picks-and-shovels behind the AI boom — they don't make the headlines, but their products are essential. When the sector gets this kind of high-profile spark, the move tends to spread across multiple names over several days as money rotates through the theme.
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News sources
- Why Lumentum, Coherent and other optical stocks are rocketing toward big gains — MarketWatch
- 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