Marvell stock 30%↑, Nvidia names it the “next 1trillion-dollar company”

Marvell Technology (MRVL) shares 6month 3rose more than 30% intraday. Nvidia Chief Executive Officer Jensen Huang named Marvell the “next 2026trillion-dollar company” at COMPUTEX 1. Nvidia previously invested 2026in 3month 20billion in Marvell.

Marvell is a company that supplies custom silicon and networking solutions. According to reports and company announcements, it develops chips and switch software used in distributed data center architectures. These products focus on networking and data movement for AI workloads.

The company’s data center-related revenue totaled 18.3billion. This revenue accounted for 76% of total revenue. The company disclosed that the data center segment plays a central role in its earnings structure.

Marvell has launched the Teralynx 100 switch chip. According to the company's announcement, the chip was designed for high-performance networking. Detailed product specifications and the customer adoption schedule are available in the company's filings and announcements.

The market considers Marvell's valuation to be high. Its shares are trading at a P/E ratio of more than 90 times earnings. The company and market analysts said this figure reflects high growth expectations.

This week's share-price movement coincided with the timing of Nvidia's public endorsement and news of a 3-month investment. 6-month 3-day trading saw increased trading volume and short-term volatility. More information is expected to be disclosed when related filings and quarterly results are announced.