On June 2, Marvell Technology (MRVL.US) surged over 24% in pre-market trading, reaching $272.66. This spike follows remarks from NVIDIA CEO Jensen Huang at the Taipei International Computer Show, where he stated that Marvell Technology is set to become the next trillion-dollar company. He also mentioned that both companies are strengthening their partnership to expand the critical networking and connectivity infrastructure needed to power next-generation AI data centers. On Monday, Marvell Technology closed up 7.04% at $219.43, with a total market capitalization of $191.9 billion. Founded in 1995, Marvell Technology primarily provides semiconductor solutions for data infrastructure, computing, networking, storage, and custom solutions. The company designs, develops, and sells integrated circuits.
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Marvell Technology Soars Over 24% Pre-Market, Jensen Huang Claims It Will Become Next Trillion-Dollar Company
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