Marvell Technology, a chipmaker focused on AI and data centers, saw its shares surge more than 24% in premarket trading on Tuesday after Nvidia CEO Jensen Huang described the company as the "next trillion-dollar company" during an appearance at Computex 2026 in Taipei.
The move lifted MRVL stock to around $273 before the opening bell and put the company on track to add more than $47 billion in market value if the gains hold.
Huang's remarks came during an onstage appearance with Marvell CEO Matt Murphy at Computex, one of the technology industry's largest annual trade shows. The company has attracted growing investor attention in recent months as demand for artificial intelligence infrastructure continues to increase.
Damilare Odedina
Why is Marvell stock up today?
The rally followed comments made by Huang during Tuesday's event in Taipei. Speaking alongside Murphy, the Nvidia chief executive highlighted Marvell's role in technology that allows large artificial intelligence systems to operate across thousands of processors working together inside data centers.
"When you take a computing problem, and you disaggregate it into a lot of parts, and you distribute it across the entire data center, what's necessary is connectivity," Huang said. "That's the reason why Matt's doing so well. That's the reason why Marvell is so essential."
According to Reuters, Marvell's market capitalization stood at just under $192 billion before Tuesday's advance. CNBC also reported that the stock had already gained more than 158% in 2026 before the latest move.
What did Jensen Huang say about Marvell at Computex 2026?
Huang's comments focused on the systems that move information between chips and servers inside modern AI data centers. As AI models become larger, companies increasingly rely on thousands of processors working together.
That creates demand for hardware capable of transferring data quickly between different parts of a computing system.
Marvell develops products used for those connections, along with custom chips designed for cloud computing and artificial intelligence applications. The company supplies technology used in data centers, telecommunications networks, and enterprise computing systems.
Earlier this year, Nvidia disclosed a $2 billion investment in Marvell as part of efforts to support custom AI chips and related infrastructure. And back on May 29, the company said its custom-chip business is expected to exceed $10 billion in annual revenue by fiscal 2029.
The forecast came as cloud companies continue expanding the data centers used to train and run artificial intelligence models.
Damilare Odedina
