Nvidia Corp. (NVDA  ) CEO Jensen Huang handed Marvell Technology Inc. (MRVL  ) one of the most powerful endorsements in recent semiconductor history Monday, declaring the chipmaker the "next trillion-dollar company" during a joint appearance at Computex in Taipei - and Wall Street responded immediately.Shares of Marvell surged as much as 22% in premarket trading Tuesday, with the stock changing hands around $258.58 as of early morning.

The move adds to an already extraordinary 2026 run - MRVL has climbed more than 158% year-to-date, with a 52-week range stretching from $61.15 to $225.14.

Jensen Hypes MRVL

Huang made the comments while sharing the stage with Marvell CEO Matt Murphy at the annual Computex trade show.

After Murphy wrapped a keynote presentation on AI infrastructure, Huang turned to the crowd and said: "The next trillion-dollar company, ladies and gentlemen."

The remark was no throwaway - Huang followed it with a detailed explanation of why Marvell's networking and connectivity chips are central to the AI buildout.

"When you take a computing challenge, and you break it down into numerous components, distributing it throughout the entire data center, connectivity becomes crucial," Huang said. "This is why Matt is performing so well, and why Marvell is so vital."

The thesis centers on a structural shift in AI infrastructure. As training and inference workloads scale across hundreds of thousands of interconnected chips, Huang argued the bottleneck is no longer raw compute power - it's data movement.

Marvell's optical interconnects, silicon photonics, and custom ASIC business sit in the middle of the bottleneck.

Huang also reiterated Nvidia's previously announced $2 billion strategic investment in Marvell, framing the partnership as ecosystem complementarity rather than dependency under the NVLink Fusion platform.

The Bottom Line

Marvell's data center segment accounts for roughly 76% of total revenue, and the company has raised its revenue outlook through fiscal 2027 and 2028, with analysts projecting its custom chip business to double by fiscal 2028.

Wall Street was already bullish heading into Tuesday. The analyst consensus sits at Buy with an average price target of $208 and a street-high of $300 from HSBC, according to Benzinga data.

Marvell's current market cap is roughly $192 billion - meaning it would need to nearly quintuple to hit the $1 trillion threshold Huang envisions.

MRVL Stock Price Activity: Marvell Technology stock was up 18.40% at $259.80 during premarket trading Tuesday, according to Benzinga Pro.

Over the past month, MRVL has gained about 57.0% versus a 5.3% rise in the S&P 500 and is up roughly 200% year-to-date compared to the index's 10.6% gain. The stock is trading at new 52-week highs.