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Marvell shares surge after Nvidia CEO predicts trillion‑dollar valuation

Bloomberg Markets •
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Marvell Technology Inc. jumped on Tuesday as shares ripped higher after Nvidia founder Jensen Huang told investors the San Jose‑based chipmaker could be the next company to breach a $1 trillion valuation. Huang’s comment lifted Marvell’s market cap from roughly $200 billion to a valuation five times larger, sparking buying on the Nasdaq. The rally lifted the stock about 12% by mid‑session.

Analysts note that Huang’s endorsement carries weight because Nvidia’s own market value recently topped the trillion‑dollar mark, a milestone few technology firms have reached. By tying Marvell’s growth prospects to Nvidia’s trajectory, the remark suggests strong demand for data‑center and networking silicon, sectors where Marvell has expanded its product portfolio through recent acquisitions. These themes reinforce Marvell’s strategic shift toward high‑margin cloud infrastructure.

Investors will watch whether the hype translates into revenue upgrades, as Marvell’s current earnings run at modest multiples. If the company sustains the momentum, its share price could cement a new tier of valuation that reshapes competitive dynamics in the semiconductor arena. Market sentiment remains volatile, but the price action is undeniable.