By Thomas Richmond
Publication Date: 2026-06-04 20:32:00
It’s not every day the most influential CEO in artificial intelligence publicly anoints another semiconductor company as the next trillion-dollar stock. That is what happened when NVIDIA’s Jensen Huang praised Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) onstage at the Computex AI Exhibition in Taiwan. After Huang’s quotes, a CNBC Halftime Report segment dove into what Huang said that sent Marvell shares up 29% in a single session. The endorsement carries weight because NVIDIA (NASDAQ:NVDA) holds a $2 billion investment in Marvell, and the chipmaker explicitly cited a strategic partnership with Marvell via NVLink Fusion and silicon photonics collaboration in its most recent earnings release.
Marvell now carries a market cap of roughly $276 billion, with shares closing at $316.43 today The stock is up 254% year-to-date and 377% over the past year. The path to $1 trillion is still steep, but Wall Street is rapidly recalibrating what Marvell’s normalized earnings could look like.
Why The Stock Exploded
Three drivers stacked on the same day. One CNBC panelist summed up Marvell’s recent quarter: “It was an inline quarter, but the guidance was really substantial.” Marvell reported Q1 FY2027 revenue of $2.42 billion, up 27.6% year over year, and guided Q2 to $2.70 billion, implying roughly 35% YoY growth. CEO Matt Murphy noted in the company’s May 27 release that the company is seeing “exceptional AI-related bookings” across optics, switching,…
