Following a surge of over 32% yesterday, Marvell Technology (MRVL.US) initially rose over 11% today, reaching a peak of $324.15, continuing to set historical highs, with a cumulative market value increase of over $90 billion in two days. The 2x leveraged MRVL ETF also saw an initial rise of over 20%. On the news front, NVIDIA CEO Jensen Huang recently praised Marvell Technology's value in the AI infrastructure supply chain at the Computex 2026 computer exhibition, stating it is destined to become the 'next trillion-dollar company.' Additionally, Marvell Technology recently reported a 28% year-on-year increase in Q1 revenue to $2.418 billion, a new high; given the strong performance of AI-related orders, management has raised revenue outlooks for fiscal years 2027 and 2028.
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Marvell Technology Surges Over 11%, Continues to Set New Highs with Market Value Increasing by Over $90 Billion in Two Days
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