NVIDIA CEO Jensen Huang took the stage at Computex in Taipei on June 2, appearing alongside Marvell Technology CEO Matthew Murphy. He publicly called Marvell (MRVL) the “next trillion-dollar company.” On the day, MRVL’s share price rose 32.52% to $290.79.
Huang Jensen’s Computex remarks: Connectivity is the core of decentralized AI computing
After taking the stage, Huang said: “Ladies and gentlemen, the next trillion-dollar company is here,” clearly pointing to Marvell. He added: “When you break down a computing problem into many parts and distribute it across the entire data center, connectivity becomes crucial. That’s why Matt performed so well—and it’s also why Marvell is so important.”
Huang further added: “We’ve achieved distributed and decomposed computing, so it can run on these massive clusters—and the key to making it all work is connectivity.”
MRVL financial update: FY2027 Q1 beats expectations, FY2029 business guidance
Marvell’s first-quarter financial results for fiscal year 2027, announced in May 2026, exceeded analysts’ expectations. Quarterly revenue was $2.4 billion, and it issued full-year performance guidance for continued growth, noting that the data center business is the main driver.
In earlier public statements, Marvell management confirmed that, driven by continued growth in AI data center investments, its custom chip business’ annual revenue target for the fiscal year 2029 exceeds $10 billion. After Tuesday’s close, MRVL rose further to about $314.70 (up another 8.22% from the close).
Strategic partnership between NVIDIA and Marvell: $2 billion investment background
In early 2026, NVIDIA announced a $2 billion investment in Marvell, establishing a formal strategic partnership between the two. Around the same time, NVIDIA also announced it was investing billions of dollars into other companies developing photonic technologies—photonic technology transmits data using light instead of electricity, and is seen as the next-generation upgrade direction for current data center connectivity technologies.
Last month, memory chip maker Micron Technology (MU), Samsung Electronics (005930.KS), and SK hynix (000660.KS) each first surpassed a market value of $1 trillion in sequence, becoming the latest milestone in the semiconductor industry.
Frequently Asked Questions
What specific technical rationale did Huang Jensen give for calling Marvell the “next trillion-dollar company”?
Huang’s Computex remarks focused on Marvell’s optical networking chips and custom AI accelerators (XPU) and their role in decentralized AI computing. When thousands of chips work together in large-scale data centers, fast interconnect capability is an indispensable infrastructure—Marvell is a key supplier to major cloud hyperscalers such as Microsoft and Amazon.
How far is MRVL from its $1 trillion market-cap target after Tuesday?
As of Tuesday’s close, Marvell’s market cap was slightly above $250 billion. To reach a $1 trillion target, it would need additional growth of about more than three times. By comparison, last month Micron Technology, Samsung Electronics, and SK hynix had already broken through $1 trillion market cap one after another, becoming the latest semiconductor companies to hit the mark.
What partnership areas does NVIDIA’s $2 billion investment in Marvell cover?
Based on NVIDIA’s public statement, the $2 billion investment established a strategic partnership between the two. The core collaboration focuses on Marvell’s optical networking chips supplying AI data center connectivity infrastructure. As of now, the two companies have not released a complete list of the specific allocation items or detailed collaboration plans for the investment.
