Marvell Soars After Nvidia CEO Calls It the Next Trillion-Dollar Company

Shares of Marvell Technology surged more than 22% in premarket trading after Jensen Huang described the chipmaker as a potential "trillion-dollar company." The endorsement boosted investor confidence in Marvell’s growing role within the AI infrastructure market.

Marvell recently projected that its custom AI chip business could generate more than $10 billion in annual revenue by fiscal 2029, fueled by cloud providers increasingly developing their own AI processors and expanding data center investments.

The company also raised its 2028 revenue forecast to approximately $16.5 billion, reflecting strong demand for both custom silicon and networking technologies that connect massive AI computing clusters.

At the Computex technology conference in Taipei, Huang appeared alongside Marvell CEO Matt Murphy while unveiling Nvidia’s new RTX Spark AI PC chip. The launch highlights Nvidia’s broader effort, alongside Microsoft, to bring advanced AI capabilities directly to personal computers.

Marvell shares have now more than doubled this year as investors continue to bet on expanding AI infrastructure spending across the technology sector.