Jun 2, 2026
Nvidia (NASDAQ: NVDA) CEO Jensen Huang is jumping into the prediction game by naming which company will be the next to join an exclusive club of predominantly tech firms with valuations of at least $1 trillion. His money’s on Marvell Technologies (NASDAQ: MRVL).
While delivering a keynote address at the Computex conference in Taiwan on Tuesday, Huang singled out Marvell for manufacturing the chips critical to data centers’ ability to rapidly and effectively transmit information to each other in an era of advanced connectivity. He called it “the next trillion-dollar company.”
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“That’s the reason why [CEO Matt Murphy is] doing so well. That’s the reason why Marvell is so essential,” Huang said at the conference. His comments sent Marvell stock soaring by nearly 30% on Tuesday afternoon to about $285 per share, a record price.
Huang added that interconnection stands to be the next phase in the AI development blitz that has taken over Silicon Valley and beyond. “When you take a computing problem, and you disaggregate it into a lot of parts, and you distribute it across the entire data center, what’s necessary is connectivity,” he said.
Nvidia + Marvell
Nvidia and Marvell strengthened their ties this year. In March, Nvidia announced it was investing $2 billion into Marvell as part of a new partnership revolving around advanced AI chips. In the deal, Marvell said it would supply optical networking chips already used for cloud computing throughout Silicon Valley. Nvidia, in exchange, would provide the technological backbone through data centers and other AI infrastructure.
Marvell has posted a strong financial performance so far in 2026. It announced $2.4 billion in revenue in the first quarter of the year, up 28% year-over-year. The company attributed the sharp revenue growth to its booming data-center business.
“We are seeing exceptional AI-related bookings,” Marvell CEO Matt Murphy said in a news release with its Q1 2026 results. He added the company was increasing its revenue outlook for the next two years.
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What it takes to reach the trillion-dollar club
If Huang’s prediction turns out to be an accurate one, Marvell still has a significant gap to close before reaching a $1 trillion market valuation. Before Huang’s remarks, Marvell had a $191 billion market capitalization. Now analysts project Marvell’s market valuation stands at $234 billion, per Reuters.
Nvidia is currently the world’s most valuable company with $5.5 trillion in market value. It surpassed the $5 trillion threshold in late October as companies continued pouring staggering sums into developing AI.
The bulk of Nvidia’s business is built on the cutting-edge computer chips it produces to power data centers sprouting up from Silicon Valley to the suburbs of Virginia. On Monday, Nvidia introduced prototypes for personal computers that exclusively use AI agents, or automated bots that can complete tasks such as software development.
Over a dozen companies make up the $1 trillion club, according to Bankrate. Microsoft, Apple, Alphabet, and Amazon are part of the roster. Last month, the chipmaker Samsung joined them as corporate appetite for advanced chips has proven bottomless, and demand isn’t expected to ease up anytime soon in the AI infrastructure buildout. For chip manufacturers such as Marvell, it’s a profitable time to be one.
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Joseph Zeballos-Roig is a policy and politics journalist based in Washington D.C with a focus on economics. He is experienced in connecting the significance of events in the capital to the lives of everyday Americans whether its taxes, tariffs, interest rates or federal programs.
