Nvidia's Jensen Huang says Marvell could be the next trillion-dollar company; stock jumps 25% - CNBC

At Computex in Taipei, NVIDIA CEO Jensen Huang declared Marvell Technology as the next trillion-dollar company, triggering a 32.52% surge in its stock—its largest one-day gain ever. Marvell, a semicon... Read original →

Huang’s endorsement signals a paradigm shift in AI infrastructure: Marvell’s value lies not in raw compute but in its foundational connectivity—high-speed SerDes and co-packaged optics (CPO)—addressing the critical bottleneck as AI clusters prioritize efficiency over brute-force scaling. This will pressure TSMC to reallocate CoWoS capacity toward photonic integration and accelerate Intel and Broadcom’s silicon photonics arms race. Geopolitically, despite U.S. incorporation, Marvell’s heavy reliance on foundries in Taiwan, China exposes it to supply chain friction; decoupling risks could inflate redundancy costs by 15–20%. Competitively, Broadcom is locking hyperscalers with custom ASICs, while AMD’s Pensando acquisition targets the DPU space to block Marvell’s smart NIC expansion. Over the next 18 months, converting NVIDIA’s $2B investment into volume 3nm photonic integration—and navigating export controls—will determine if its trillion-dollar trajectory holds. The window is narrow, but real.