Jensen Huang called a California chipmaker the 'next trillion-dollar company,' and its shares spiked 20% (www.businessinsider.com)

Shares of Marvell Technology, a US-based semiconductor manufacturer, surged over 20% in premarket trading following enthusiastic endorsements from Nvidia CEO Jensen Huang. Speaking at a conference in Taiwan, Huang highlighted Marvell's pivotal role in enhancing connectivity within AI systems, stating that the company could become the “next trillion-dollar company.” Such predictions are significant, as they underscore the growing importance of companies like Marvell in the rapidly expanding AI infrastructure market, which is seeing unprecedented demand. Huang emphasized that the success of AI relies heavily on effective connectivity among data center components, a domain where Marvell excels. With the company's stock already experiencing a remarkable climb—up nearly 260% since June 2025—this latest boost, coupled with Nvidia's earlier $2 billion investment in Marvell, signals strong investor confidence in its future prospects. As the AI boom creates new billion-dollar companies, Marvell aims to follow suit, with a market cap currently around $192 billion and the path set for further growth amid the industry's soaring demand for advanced computing solutions.