Breaking News | Nvidia CEO Huang Names Marvell Next Trillion-Dollar Company at Computex

At Computex 2026 in Taipei, Nvidia CEO Jensen Huang told Marvell Technology CEO Matthew Murphy onstage that Marvell will be "the next trillion-dollar company," sending Marvell shares up 26% in premarket trading. Huang credited Marvell's role in AI data center connectivity: "When you disaggregate a computing problem across the entire data center, what's necessary is connectivity. That's the reason why Marvell is so essential." The comments followed Nvidia's $2 billion investment in Marvell earlier in 2026, enabling integration between Marvell's networking products and Nvidia's AI systems. Marvell had projected its custom chip business would exceed $10 billion in revenue by fiscal 2029, driven by hyperscalers building AI infrastructure. Huang stated that "useful AI has arrived," explaining the surge in demand for Marvell's high-speed networking chips, optical interconnects, and custom ASICs that link GPU clusters. Marvell shares have climbed 145% year-to-date in 2026 and nearly 260% over the prior 12 months.

Marvell's fiscal 2029 custom chip revenue target of $10 billion becomes the benchmark for whether Huang's trillion-dollar call materializes. Near-term catalysts include hyperscaler capex guidance and Marvell's quarterly reports on networking chip attach rates in AI data centers.