Huo Xing Cai Jing reports that on June 2, according to market data, Marvell (MRVL), the stock recommended by Jensen Huang, rose over 26% in pre-market trading and is currently up 21.7%, with its share price surpassing $265 and market capitalization exceeding $200 billion—still five times away from Huang’s $1 trillion target. Today, Marvell’s CEO Matt Murphy delivered a keynote titled “The Future of AI Depends on Connectivity” at the Nangang Exhibition Center in Taipei, where Jensen Huang appeared as a special guest. During the event, Huang publicly stated that Marvell will become “the next trillion-dollar company,” emphasizing Marvell’s critical role in AI data center connectivity, optical interconnects, custom silicon (XPU), and the NVLink Fusion ecosystem, asserting that connectivity is becoming the next major bottleneck in AI infrastructure.
Marvell Surges 26% in Pre-Market Trading as Huang Predicts Trillion-Dollar Valuation
MarsBitShare
Summary
Marvell (MRVL) surged 26% in pre-market trading on June 2, reaching over $265 and pushing its market cap above $2 trillion. NVIDIA CEO Jensen Huang, speaking in Taipei, referred to Marvell as a potential trillion-dollar company, highlighting its work in AI infrastructure, optical interconnects, and the NVLink Fusion ecosystem. The crypto market remains volatile, with the Fear & Greed Index showing mixed signals as investors monitor broader tech sector momentum.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.