Markets MRVL JUN 06, 2026

Marvell vaults 32.5% after Huang calls MRVL 'the next trillion-dollar company' at Computex

Nvidia CEO Jensen Huang's onstage endorsement in Taipei added more than $40B to Marvell's market cap in a single session and lifted shares another 10% premarket Wednesday.

BY HENLEY MARRAST · MARKETS DESK

Marvell Technology closed Tuesday up 32.52%, the largest single-day gain in its history, after Nvidia CEO Jensen Huang stood next to Marvell CEO Matt Murphy on the Computex stage in Taipei and declared, “Ladies and gentlemen, the next trillion-dollar company.” Shares added another 10% in Wednesday premarket trading. The session erased a previous one-day record that had stood since May 2023 and lifted Marvell’s market cap from roughly $190 billion to just under $254 billion, an intraday gain of more than $40 billion.

Huang’s framing did the analytical work. “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,” he said. “That’s the reason why Matt’s doing so well. That’s the reason why Marvell is so essential.” Murphy walked the audience through the same arc from the other direction: “First it was compute, and the industry needed dramatically more compute … and Nvidia did an incredible job and became the first $5 trillion company. Next is the memory bottleneck.”

The endorsement isn’t arms-length. Bloomberg reported that Nvidia took a $2 billion stake in Marvell roughly three months ago, and Nvidia has also been writing checks into silicon photonics startups. Huang is, in a real sense, talking his own book about the next data-center bottleneck. That doesn’t make him wrong; it does make the moment a study in narrative management at industrial scale.

The options market wasn’t ready. A heavily positioned put strike carrying nearly 14,000 contracts of open interest into Friday’s expiration was rendered essentially worthless by Tuesday’s close.

Marvell’s fiscal Q1 2027 print of $2.4 billion in revenue, ahead of estimates, gives the move some fundamental scaffolding. The trillion-dollar label doesn’t. Reaching it from Tuesday’s close would still require roughly a fourfold move, the kind of climb that, in the AI cycle so far, has gone from punchline to consensus and back inside a single quarter.

Sources

About the author

Henley Marrast

MARKETS DESK

Henley Marrast covers AI-equity flow, accelerator demand, and earnings prints for AI Sheet Report. She leads coverage of the public AI complex from the New York markets desk, with a focus on the daily tape and quarterly results. She has been writing about technology markets for several years.