Marvell shares surge on Nvidia CEO’s 'trillion-dollar company' endorsement

Shares of Marvell Technology (NASDAQ:MRVL) surged more than 24 percent in premarket trading on Tuesday following public praise from Nvidia's Chief Executive Officer Jensen Huang, who labeled the chipmaker as the next potential member of the trillion-dollar market valuation club.

Huang made the remarks alongside Marvell Chief Executive Officer Matt Murphy while speaking at an industry event during the annual Computex trade show week in Taipei.

The high-profile endorsement underscores the growing market value placed on advanced connectivity and data center infrastructure as artificial intelligence networks expand globally.

Marvell specializes in data center interconnects, optical components, and custom silicon solutions that are increasingly critical to linking massive clusters of AI graphics processors.

Marvell shares were last up 24.4 percent at $272.90 in early trading.

If the gains hold through the regular U.S. market session, the rally is poised to add more than $47.2 billion to the company’s total market capitalization. I

nvestor enthusiasm also extended to Nvidia (NASDAQ:NVDA), with its own shares climbing 1.4 percent during the premarket window, highlighting the strong market correlation between core computing architectures and the infrastructure links required to support them.