Marvell shares touch record high after Nvidia’s Huang calls it ‘next trillion-dollar company’
Marvell Technology’s shares surged more than 25% on Tuesday after Nvidia’s CEO Jensen Huang called the chipmaker the next “trillion-dollar company.”
Huang and Marvell CEO Matt Murphy were speaking at the Computex week in Taipei on Tuesday.
Marvell’s shares were last up 22.5% at a record high, giving the company a market capitalization of $234 billion, far below the one-trillion mark that Huang touted.
