Nvidia CEO Jensen Huang called Marvell Technology "the next trillion-dollar company" at Computex, triggering a 32% stock surge followed by sharp swings as investors weigh the prediction against valuation risks.

At Computex in Taipei last week, Nvidia CEO Jensen Huang told Marvell CEO that Marvell would be "the next trillion-dollar company." The day after, Marvell shares jumped about 32% (the biggest one-day gain in company history), climbed to a record high by Thursday, then fell about 16% in a Friday sectorwide sell-off, and bounced back toward $300 after news Marvell will join the S&P 500 later this month.

Marvell designs chips that move data around inside data centers—high-speed optical links and switches that let AI chips share information quickly. Data center revenue grew to 76% of total sales in the fiscal first quarter of 2027 (the period ended May 2, 2026), with data center sales climbing about 47% to $6.1 billion in fiscal 2026, and interconnect products (the connectivity business Huang singled out) growing more than 70% in fiscal 2027 guidance.

To reach $1 trillion from its current market value around $225 billion, Marvell would need to more than quadruple. The stock already trades at a price-to-earnings ratio not too far from 90 on adjusted profits, and roughly three-quarters of revenue depends on a small group of large cloud customers and their custom AI chip spending, creating concentration risk if that spending slows or a major customer designs future chips without Marvell technology.