The Marvell Technology stock surge became the biggest financial story of the week on Tuesday, June 3, 2026. Nvidia CEO Jensen Huang stood on stage at Computex 2026 in Taipei and publicly declared Marvell the next trillion-dollar company. Moreover, Wall Street responded instantly, and shares exploded to record-breaking heights within hours of his remarks.
Jensen Huang Drops a Bombshell at Computex 2026
Nvidia CEO Jensen Huang made a surprise guest appearance during Marvell Technology CEO Matt Murphy’s keynote at Computex 2026 in Taipei on June 2, joining Murphy on stage for about 10 minutes. ABC News
The moment quickly became the most-talked-about event of the entire conference. Huang wasted no time with his bold declaration.
“The next trillion-dollar company, ladies and gentlemen,” Huang said of Marvell. Gothamist
Furthermore, Huang explained exactly why he believes Marvell deserves such a lofty title. “When you take a computing problem and you disaggregate it into a lot of parts, and you distribute it across the entire data center, what’s necessary is connectivity,” Huang said. Mid-Utah Radio
Marvell Technology Stock Surge Breaks Records
The Marvell Technology stock surge that followed Huang’s comments was nothing short of historic. Nvidia’s CEO Jensen Huang hailed Marvell Technology as the next trillion-dollar firm, sending its shares up 32.52% on Tuesday. The stock move is Marvell’s biggest one-day gain ever, narrowly topping its previous best set in May 2023. NewsNation
Additionally, Huang’s comments sent Marvell stock soaring by nearly 30% on Tuesday afternoon to about $285 per share, a record price. ABC7 New York
Therefore, traders who held MRVL shares going into Tuesday walked away with massive gains by the closing bell.
How Big Is Marvell’s Stock Rally in 2026?
Marvell stock has gained 158% so far this year. Consequently, the company has already delivered stunning returns for investors before Huang even took the stage at Computex. Gothamist
Why Huang Says Marvell Is Essential to AI
Huang did not simply praise Marvell out of goodwill. Instead, he tied his prediction directly to the company’s critical role in modern AI infrastructure.
Nvidia CEO Jensen Huang declared Marvell Technology as the next potential trillion-dollar company due to its essential data center connectivity that supports complex AI computing orchestration. WHYY
Moreover, Marvell’s networking and connectivity chips are essential to data centers where computing tasks are spread across thousands of connected chips that need to share data quickly. Gothamist
“That’s the reason why Matt’s doing so well. That’s the reason why Marvell is so essential,” Huang said at the conference. ABC7 New York
Nvidia Already Backed Marvell With $2 Billion
Huang’s words carry extra weight because Nvidia already put serious money behind them. Earlier this year, Nvidia entered into a broader partnership with Marvell that included a $2 billion investment in the company. Gothamist
Furthermore, Nvidia is also investing billions into other firms developing photonics technology, which uses light to transmit data. That process is said to be more efficient than the current method of transferring data with electricity. NewsNation
Therefore, Nvidia’s financial commitment to Marvell signals a long-term strategic partnership, not merely a public endorsement.
Marvell’s Financial Performance Backs the Hype
Marvell’s recent financial results give investors reason to take Huang’s prediction seriously. Specifically:
- Marvell posted $2.4 billion in revenue in the first quarter of 2026, up 28% year-over-year ABC7 New York
- Data center operations accounted for approximately 76% of the company’s total revenue Gothamist
- Marvell last week forecast its custom chips business would surpass $10 billion in revenue in fiscal 2029 Gothamist
Additionally, Marvell CEO Matt Murphy said the company was increasing its revenue outlook for the next two years, citing “exceptional AI-related bookings.” ABC7 New York
How Far Is Marvell From a Trillion-Dollar Valuation?
However, the road to $1 trillion remains long. The gap between Marvell’s current $191 billion market cap and joining the trillion-dollar club is substantial. Reaching a $1 trillion valuation would require Marvell’s stock to climb more than 400% from where it stood at Monday’s close. Gothamist
Nevertheless, about 15 companies held market values exceeding $1 trillion as of Monday, according to Bloomberg. Therefore, joining that club would place Marvell alongside some of the most powerful companies on earth. Gothamist
What Does Marvell Actually Make?
The Santa Clara, California-based company designs high-performance chips for data center infrastructure, cloud computing, AI, enterprise networking, and other applications. Consequently, its products sit at the very heart of the AI revolution currently reshaping the global economy. Gothamist
Jim Cramer Raises a Caution Flag
Not everyone shares Huang’s enthusiasm without hesitation. CNBC’s Jim Cramer said Marvell’s 26% rally after Nvidia CEO Jensen Huang called it the “next trillion-dollar company” is concerning. CBS News
Therefore, while bulls cheer the Marvell Technology stock surge, some seasoned market voices urge investors to remain cautious before chasing record-high prices.
Conclusion
The Marvell Technology stock surge triggered by Jensen Huang’s Computex declaration has reshaped how Wall Street views the AI chip landscape. Marvell now trades at all-time highs, backed by record revenue, a $2 billion Nvidia investment, and a bold public endorsement from the most influential CEO in tech. However, closing the gap to $1 trillion still requires enormous growth. As the AI infrastructure race accelerates, all eyes will remain on Marvell to see whether it can turn Huang’s prediction into reality.
