Marvell Technology’s stock surged sharply after Nvidia’s CEO, Jensen Huang, declared it the next trillion-dollar company. The comment came during Computex 2026 in Taipei, where Huang and Marvell’s CEO, Matt Murphy, shared the stage.

Marvell’s market value stood near $192 billion before the announcement. For the company to hit $1 trillion, its value must multiply more than five times. Despite this, Huang’s endorsement sent shares soaring about 25% in early trading, adding tens of billions in market value.

Huang’s praise isn’t just hype. Nvidia invested $2 billion in Marvell earlier this year. They aim to tightly integrate Marvell’s custom AI chips and networking gear with Nvidia’s own processors. This partnership helps customers build faster, more efficient AI data centers.

The Hidden Power Behind AI Growth

Marvell doesn’t make flashy AI processors like Nvidia. Instead, it builds the essential “plumbing.” These are custom chips and optical interconnects that move data inside massive AI clusters. Without such infrastructure, AI models can’t run efficiently.

As AI workloads grow, data centers rely heavily on fast, reliable networking chips. Marvell’s new Teralynx T100 switch chip, offering 102.4 terabits per second speed, targets this demand. It helps AI servers communicate quickly while using less power than competitors.

Marvell’s data center business now accounts for about 76% of its revenue. The company expects this to keep growing, forecasting over $10 billion in custom chip revenue by fiscal 2029. These numbers highlight how the firm is shifting from traditional telecom to AI infrastructure.

Market Moves and Industry Impact

The AI boom is reshaping the semiconductor landscape. Nvidia leads with its AI processors, but companies like Marvell power the supporting hardware. Their technology makes it possible to connect thousands of GPUs and accelerators in sprawling data centers.

On the same day Huang spoke, other chipmakers also reported strong AI-driven forecasts. Memory maker SK Hynix promised to double production, and STMicroelectronics raised its data center revenue outlook. Arm expects to hit its $15 billion semiconductor revenue goal earlier than planned.

These moves show how AI is driving investments in the full tech ecosystem, not just processors. The demand for networking chips, optical communications, and custom silicon is surging alongside AI compute power.

Marvell’s stock has gained around 158% this year. The recent jump marks its biggest intraday gain since May 2023. Retail investors and Wall Street traders reacted enthusiastically, with some speculating the stock could reach $1,000 per share if growth continues.

Still, reaching a trillion-dollar valuation requires sustained growth and fresh wins with hyperscalers like Amazon, Google, and Microsoft. Marvell’s close relationship with Nvidia and its focus on AI infrastructure put it in a strong position, but the path is challenging.

Jensen Huang’s call puts Marvell in the spotlight. It highlights how AI is expanding beyond headline processors into the unseen, vital hardware that keeps data flowing. Whether Marvell joins the trillion-dollar club remains to be seen, but its role in powering AI’s future is clear.