Marvell Surges 25% Amid CEO Speculation on Trillion-Dollar Future; ARM Ecosystem Gains Steam

On Tuesday pre-market, Marvell Technology shares surged over 25%, with Nvidia CEO Jensen Huang suggesting the chipmaker could become the "next trillion-dollar company." Meanwhile, ARM's CEO announced Windows plus ARM ecosystem is now in place to "redefine the PC," with AGI CPUs entering mass production. The shift signals a major reshuffling in semiconductor leadership.

Tesla's European momentum accelerated overnight, with May sales in France jumping over 700% and markets in Spain and Denmark doubling. In China, Alibaba released Qwen 3.7-Plus with improved screen understanding capabilities, while Tencent shares rallied over 10% on reports the company is close to launching a WeChat AI assistant.