Marvell Technology Group Ltd is trading 19% up at $261.68 following a major public endorsement from Nvidia CEO Jensen Huang.

  • At the Computex conference in Taipei, Huang appeared on stage with Marvell's CEO and predicted the company could be the "next trillion-dollar company." [8, 13, 15]
  • The comment caused the stock to surge in pre-market trading, building on strong year-to-date performance driven by its central role in AI infrastructure. [8, 15]
  • This high-profile endorsement follows a $2 billion investment by Nvidia into Marvell earlier in the year, cementing their strategic partnership in developing custom silicon for AI. [8, 15]