Jensen Huang Calls Marvell The Next $1 Trillion Stock, Shares Surge 25%

Nvidia CEO Jensen Huang just called Marvell the next $1 trillion company - a more than 5x move from where the stock sits today, and Nvidia already owns a $2 billion piece of it.

The market took the call seriously, sending Marvell 25% higher in a single day.

Nvidia Has Skin In The Game

Huang made the prediction Tuesday at Computex in Taipei, where he stood on stage next to Marvell CEO Matt Murphy.

His pitch: Marvell's value will climb fast now that "useful AI has arrived."

Shares ran 25% higher to $274.58 - the biggest single-day pop for the stock since May 2023.

That move pushed Marvell's full-year gain to 222% and the company's market cap to $239 billion.

Marvell makes custom chips and networking gear for the cloud giants - the kind of silicon that moves AI data around inside data centers.

Custom silicon means a cloud giant like Amazon hires a chip company to design chips made just for its servers - cheaper and faster than buying off the shelf.

It's not Nvidia's GPUs, but it sits next to them in every AI server rack.

The detail Huang skipped: three months back, Nvidia put $2 billion into Marvell as part of a wider partnership.

That deal locked Marvell into the Nvidia ecosystem just as every cloud giant raced to build out AI capacity.

So the world's most valuable company is publicly calling a 5x move for a company it already owns a slice of.

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The Whole Chip Stack Is Lighting Up

Marvell isn't the only chip name having a week - the AI infrastructure trade is widening out fast.

• SK Hynix is doubling its memory output to chase a shortage.
• STMicro almost 2x'd its 2026 data center sales guide and floated another double on top of that for 2027.
• Arm pulled forward its $15 billion sales target on the back of AI demand.

The money behind all of it traces back to the same place: Amazon, Alphabet, and Microsoft have pledged hundreds of billions of dollars to AI data centers.

That spending flows through every layer of the chip stack - GPUs, memory, networking, custom silicon - and Marvell sits in the networking layer.

Nvidia itself remains the cleanest read on this whole trade, with its stock up over 1,400% in roughly two years and the company now worth $5.5 trillion.

What To Watch

Fewer than 20 companies on the planet are currently worth more than $1 trillion, and almost all of them are tech.

Marvell would need to roughly 5x from here to crack the list. Nvidia did 14x in two years, so the math isn't crazy - but that's the bar.

Huang just told the market who he thinks gets there next.

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