{"id":679712,"date":"2026-06-02T11:34:12","date_gmt":"2026-06-02T11:34:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/679712\/"},"modified":"2026-06-02T11:34:12","modified_gmt":"2026-06-02T11:34:12","slug":"marvell-technology-surges-after-nvidias-huang-calls-it-next-trillion-dollar-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/679712\/","title":{"rendered":"Marvell Technology surges after Nvidia&#8217;s Huang calls it &#8216;next trillion-dollar company&#8217;"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">June 2 (Reuters) &#8211; Marvell Technology&#8217;s shares surged more than 24% in premarket trading on Tuesday \u200cafter Nvidia CEO Jensen Huang called the \u200cchipmaker the next &#8220;trillion-dollar company.&#8221;<\/p>\n<p class=\"yf-1fy9kyt\">Huang and Marvell CEO Matt Murphy were \u200bspeaking at the Computex week in Taipei on Tuesday.<\/p>\n<p class=\"yf-1fy9kyt\">Marvell&#8217;s market capitalization, as of last close, was just short of $192 billion, far below the one-trillion mark \u200cthat Huang touted.<\/p>\n<p class=\"yf-1fy9kyt\">Earlier \u2060this year, Nvidia invested $2 billion in Marvell, as part of its efforts to \u2060make it easier for customers to use the custom <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;artificial intelligence&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> chips that the smaller company \u200bdesigns with \u200bNvidia&#8217;s networking gear and \u200bcentral processors.<\/p>\n<p class=\"yf-1fy9kyt\">Marvell last week \u200cforecast that its custom chips business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers.<\/p>\n<p class=\"yf-1fy9kyt\">The surge in AI adoption has fueled demand for specialized chips, which \u200calong with Marvell&#8217;s interconnect technologies, \u200bplay a critical role in \u200badvanced data centers \u200bby linking thousands of processors used \u200cto train and run AI \u200bmodels.<\/p>\n<p class=\"yf-1fy9kyt\">Marvell shares \u200bwere last up 24.7% at $273.70, set to add more than $47.2 billion in market capitalization if \u200bgains hold. \u200cNvidia shares also gained 1.8%.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Shashwat Chauhan \u200bin Bengaluru; Editing by Subhranshu Sahu, Janane \u200bVenkatraman and Shinjini Ganguli)<\/p>\n","protected":false},"excerpt":{"rendered":"June 2 (Reuters) &#8211; Marvell Technology&#8217;s shares surged more than 24% in premarket trading on Tuesday \u200cafter Nvidia&hellip;\n","protected":false},"author":2,"featured_media":679713,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,12112,296201,7362,4321,26331],"class_list":["post-679712","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-market-capitalization","tag-marvell-ceo-matt-murphy","tag-marvell-technology","tag-nvidia","tag-premarket-trading"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/679712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=679712"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/679712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/679713"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=679712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=679712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=679712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}