Nvidia Corp. Chief Executive Officer Jensen Huang speaks at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, Monday, June 1, 2026.
Yifei Lin | Bloomberg | Getty Images
Nvidia’s CEO Jensen Huang hailed the chip designer as the next trillion-dollar company, sending the company’s stock soaring in premarket trading on Tuesday.
marvel technologyThe semiconductor company, which designs chips for data centers, soared after Huang appeared on stage with Marvell CEO Matthew Murphy at Computex Week in Taipei on Monday to tout the company’s efforts in supplying building AI infrastructure.
The stock is up 25% as of 6:05 a.m. ET and more than 158% year-to-date.
Marvell Technology’s year-to-date stock price.
Marvell will be “the next trillion-dollar company,” Huang said, adding that the company’s networking and connectivity chips are essential for data centers, where computing tasks are spread across thousands of connected chips that need to share data quickly.
“When you take a computing problem and break it down into many parts and distribute it across data centers, what you need is connectivity,” Huang said. “That’s why Matt is doing so well. That’s why Marvel is so important.”
“We’ve distributed and fragmented the compute so that it can run across these huge clusters. This allows us to aggregate total compute, total memory, and total bandwidth. It’s connectivity that makes that possible,” the Nvidia CEO added.
Marvell specializes in designing high-performance chips used in global data infrastructure, including cloud computing, AI, enterprise networking, 5G carrier networks, and automotive systems.
Nvidia recently committed to investing $2 billion in Marvell. Nvidia is also investing billions of dollars in other companies developing photonics technology that uses light to transmit data. This process is said to be more efficient than current methods of transferring data using electricity.
