Nvidia CEO Jensen Huang predicts the next $1 trillion company and that stock jumps 32%

Nvidia CEO Jensen Huang made a bold prediction at the Computex trade show in Taipei, stating Marvell Technology Inc. will soon join the ranks of $1 trillion companies. His remarks, delivered alongside Marvell CEO Matt Murphy, coincided with the company’s stock jumping 32% on Wall Street, marking its largest single-day gain since 2000. Marvell’s year-to-date gains now exceed 200%, with a market capitalization of $254.4 billion at closing. Huang attributed Marvell’s potential rise to the arrival of 'useful AI,' a trend driving surging demand for semiconductors and data center infrastructure. The AI boom has already propelled Nvidia’s shares up 1,400% since 2023, making it the world’s most valuable company at $5.4 trillion. Currently, 15 companies trade above or near the $1 trillion mark, with most tied to tech and AI—excluding Eli Lilly, Saudi Aramco, and Berkshire Hathaway. Marvell’s gains reflect broader industry trends, as companies like SK Hynix expand memory chip production capacity to meet soaring demand. STMicroelectronics NV expects data center sales to double in 2026 and again in 2027, while ARM Holdings Plc anticipates hitting a $15 billion semiconductor sales target sooner than expected. Nvidia’s $2 billion investment in Marvell earlier this year may also have influenced investor confidence. The AI-driven surge has reshaped the chip sector, with tech giants and startups alike racing to capitalize on data center and networking advancements. Huang’s endorsement of Marvell underscores the sector’s optimism, though his remarks align with Nvidia’s strategic interests in the partnership.