Nvidia CEO Jensen Huang predicts Marvell Technology could become next trillion-dollar company, stock surges 20%
By
Will Martin
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Summary
Nvidia CEO Jensen Huang praised Marvell Technology as a potential "next $1 trillion company" during a joint appearance, causing Marvell's stock to spike more than 20% in after-hours trading. Huang highlighted Marvell's critical role in the AI and data infrastructure ecosystem, particularly in custom chip design and networking solutions. The endorsement from one of the tech industry's most influential figures underscores the growing importance of semiconductor companies beyond Nvidia in the AI supply chain.
Key quotes
· 2 pulledJensen Huang calls Marvell 'next $1 trillion company'
Marvell Technology's share price jumped more than 20% in out-of-hours trading after Nvidia's CEO praised the lesser-known chipmaker.
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