Marvell gains attention after Nvidia endorsement

HardwarePublished: June 2, 2026Updated: November 6, 2026By ITQA TeamMarketBeat; The Motley Fool; Nasdaq

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The comment that moved the stock

During his keynote at Computex in Taipei on June 2, Nvidia CEO Jensen Huang shared the stage with Marvell Technology chief executive Matt Murphy and described Marvell as the "next trillion-dollar company". Marvell shares rose sharply that day, in what reports described as a record-setting session on very heavy trading volume. Estimates of the one-day gain range from about 25% to more than 30%, depending on the outlet and the time of measurement.

Background to the move

Marvell designs data center networking, custom silicon and optical connectivity chips used in AI infrastructure.
Reports say the shares were already up by more than 200% for the year before the keynote.
Nvidia and Marvell announced a partnership earlier in 2026, which coverage says was backed by a $2 billion investment from Nvidia.
Marvell recently reported record quarterly revenue of about $2.4 billion, up roughly 28% from a year earlier, according to one report.

Why custom silicon matters

Large cloud companies increasingly design their own AI accelerators and networking hardware to lower costs and reduce dependence on a single supplier. Marvell helps build many of these custom chips and the high-speed links that connect thousands of processors. Huang's comments suggest Nvidia wants its own systems to work well alongside this wider ecosystem, not only with its own parts.

Reasons for caution

Valuation: commentary after the jump noted that the shares trade at a high multiple of expected earnings, which leaves less room for disappointment.
Endorsement is not a forecast: a keynote remark is promotional context, not guidance on results.
Customer concentration: custom silicon revenue depends on a small number of very large customers.
Volatility: stocks that rise this quickly can fall just as fast.

The broader theme

The episode shows how closely markets follow every signal from the biggest AI chip company. It also highlights the growing importance of networking and custom accelerators in AI data centers, not just GPUs. This article is a news summary, not investment advice.