By Geoffrey Seiler
Publication Date: 2026-06-07 18:05:00
Nvidia (NVDA 5.93%) CEO Jensen Huang isn’t afraid to praise other companies and call out their potential, and he did just that recently on stage at the Computex event in Taipei. He applauded Marvell Technology (MRVL 15.74%), saying it could be set to become the “next trillion-dollar company.”
Huang’s comments sent shares of the semiconductor stock soaring 32.5% last Tuesday (June 2). Following the big move, the stock now has a market cap of over $250 billion. So, if Huang is right, the stock could still quadruple from here. For its part, Nvidia took a $2 billion stake in Marvell earlier this year.
Image source: The Motley Fool.
An optics winner
Marvell has two main businesses. Along with Broadcom, the company is a leader in ASIC (application-specific integrated circuit) technology, providing IP to companies designing their own chips. It tends to take a more à la carte approach to ASIC designs compared to Broadcom, which is more about offering an entire ecosystem. Marvell also has some important IP around SRAM (static random-access memory), which is the memory used in Nvidia‘s language processing units and Cerebras‘ chips for inference.
While Marvell has more than 20 custom chip customers, its biggest customer is Amazon, which uses some of Marvell’s IP for its Trainium chip. However, there has been some concern that Marvell is going to play a less prominent role with Trainium chips in future iterations, with Taiwanese company AIchip taking over the lead role. Marvell…
