Nvidia's CEO crowns Marvell the next trillion-dollar chip company — ride the momentum
The CEO of Nvidia — the most influential company in artificial intelligence — publicly called Marvell Technology the 'next trillion-dollar company,' sending its stock sharply higher on massive volume.
Idea
When Jensen Huang — the person whose company defines the AI chip industry — publicly labels a rival as the next trillion-dollar company, the market listens. That kind of endorsement from a credible insider drives lasting institutional interest, not just a quick pop. The AI hardware trade is already running hot: HPE just posted its biggest earnings beat since 2018 on booming AI server demand with a record backlog, confirming the whole supply chain is flooded with orders. Marvell, as a key custom-chip designer, sits squarely in that demand path. Momentum in AI-leveraged stocks has been strong enough to push the S&P 500 to all-time highs, so the broader backdrop supports continued buying.