Marvell shares touch record high after Nvidia’s Huang calls it ‘next trillion-dollar company’ - BNN Bloomberg
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Article Excerpt
Marvell Technology’s shares surged more than 25 per cent 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 per cent at a record high, giving the company a market capitalization of $234 billion, far below the one-trillion mark that Huang touted.
Nvidia invested $2 billion in Marvell earlier this year, as part of its efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller…
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