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.

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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."

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