Marvell Shares Soar In Premarket After Nvidia’s Jensen Anoints Them As ‘Next Trillion Dollar Company’

BreakingBusinessMarvell Shares Soar In Premarket After Nvidia’s Jensen Anoints Them As ‘Next Trillion Dollar Company’BySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorJun 02, 2026, 06:53am EDTToplineShares of Marvell Technology soared in premarket trading early on Tuesday, hours after Nvidia CEO and billionaire Jensen Huang anointed them as the next trillion-dollar company at the Computex trade show in Taipei.NVIDIA CEO Jensen Huang and Marvell CEO Matt Murphy during a keynote event at COMPUTEX.Cheng Chia Huang/Getty ImagesKey FactsAfter showing off his company’s networking chips during his keynote speech, Marvell CEO and Chairman Matt Murphy invited Huang to the stage to discuss the company’s strategic partnership with Nvidia, announced in March.After being welcomed on stage, the Nvidia CEO interrupted Murphy unprompted and said: “The next trillion-dollar company, ladies and gentlemen.”Murphy quickly responded with excitement and told Huang, “Let’s do it together.”Huang touted the arrival of what he called “useful AI” and artificial intelligence agents, and hyped Marvell’s networking semiconductors before reiterating: “That’s why they’re going to be the next trillion-dollar company.”Murphy responded, saying they have got a “little work to do,” but they were on their way to it. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'l...