tech
Marvell stock soars 32% as Nvidia's Huang says it could be the next trillion-dollar company
Marvell Technology posted its best day ever after Nvidia CEO Jensen Huang made the "trillion-dollar" prediction.
TL;DR
- Marvell Technology's stock increased by 32.52%, marking its largest one-day gain.
- Nvidia CEO Jensen Huang predicted Marvell could be the next trillion-dollar company.
- Huang highlighted Marvell's essential networking and connectivity chips for AI infrastructure and data centers.
- Marvell designs chips for data centers, cloud computing, AI, enterprise networking, 5G, and automotive systems.
- Nvidia recently committed to a $2 billion investment in Marvell and is investing in photonics technology.