Marvell Soars After Huang’s Trillion-Dollar Prediction

Shares of Marvell Technology surged in premarket trading on Tuesday after Nvidia CEO Jensen Huang publicly praised the chipmaker and predicted it could become the next trillion-dollar company. The remarks were made during the Computex technology conference in Taipei, where Huang joined Marvell CEO and Chairman Matt Murphy on stage to discuss the strategic partnership between the two companies that was announced in March.

As Murphy welcomed Huang during his keynote presentation, the Nvidia chief unexpectedly introduced Marvell as “the next trillion-dollar company, ladies and gentlemen.” Murphy responded enthusiastically, saying, “Let’s do it together.” Huang went on to highlight the growing importance of what he described as “useful AI” and AI agents, while emphasizing the role of Marvell’s networking semiconductor technology. Reaffirming his confidence in the company’s future, Huang repeated that Marvell was on track to become a trillion-dollar business. Murphy acknowledged the ambitious goal, noting that the company still had “a little work to do” but was moving in that direction.

Investor enthusiasm followed quickly. Marvell shares climbed more than 25% in premarket trading to $274 after already gaining 7% on Monday. The stock has risen more than 158% since the beginning of the year. Marvell first crossed a $100 billion market valuation in December 2024, and its market capitalization stood at $191.96 billion at Monday’s close.

Huang also appeared at another Computex presentation on Tuesday alongside ARM Holdings CEO Rene Haas. The appearance came a day after Nvidia introduced the RTX Spark, its first fully integrated chip designed for Windows laptops and desktop computers. Built around an ARM-based CPU, the chip is designed to power personal AI agents and marks Nvidia’s first effort to deliver a complete consumer computing platform. During the event, Haas congratulated Huang on the launch, prompting the Nvidia CEO to joke that every product announcement he makes seems to boost ARM’s stock price rather than Nvidia’s. ARM shares rose 15.73% to $408.85 on Monday following the RTX Spark announcement.

The launch of RTX Spark also helped fuel Nvidia’s strongest trading session since February, with shares advancing 6.26% to $224. Nvidia said the new chip, derived from technology used in its AI supercomputers, will be capable of running advanced local AI agents while supporting popular games and productivity applications on Microsoft Windows. Unlike Nvidia’s traditional graphics products, which require processors from Intel or AMD, the RTX Spark incorporates Nvidia’s own custom CPU developed in partnership with MediaTek. The move positions Nvidia to compete more directly with companies including Qualcomm, Apple, Intel and AMD in the consumer computing market.