Marvell Technology’s stock spiked 32% on Tuesday after Nvidia’s Jensen Huang made the bold statement saying Marvell is “the next trillion-dollar company.”
Marvell’s market cap closed just below $254 billion on Tuesday, still a far way from $1 trillion.
Does Jensen Huang know something we don’t?
Earlier this year Nvidia announced a partnership with the custom chipmaker, as well as a $2 billion investment.
Giving Marvell $2 billion as an investment earlier this year, Jensen saw the potential in Marvell and it’s safe the say the chipmaker has either lived up to or surpassed that potential.
