One sentence from Jensen Huang was enough to light up Wall Street. Stepping onto the stage at Computex in Taipei alongside Matt Murphy, the head of Marvell Technology, the Nvidia CEO introduced the chipmaker in just a few words: «Ladies and gentlemen, the next trillion-dollar company.»
Investors reacted instantly: on Tuesday, June 2, the stock leaped more than 32%, hitting an all-time high of roughly $285 per share and pushing the group’s market value close to $255 billion. More than a forecast backed by data and charts, Huang’s remark sounded like a public anointing delivered in front of the audience at Asia’s most important technology fair. For Marvell, a company still little known to the general public outside the semiconductor industry, those words sharpened investor hopes that it could one day join the exclusive club of trillion-dollar firms.
Why connectivity is AI’s new frontier
The Nvidia chief’s reasoning rests on a specific idea: «When you take a computing problem, break it into many parts and distribute them across the entire data center, connectivity becomes decisive,» he explained. The next phase of the technology race, in short, will be fought over how fast servers can exchange information, now that raw computing power has been the headline act of recent years.
Marvell sits exactly at this junction, because it designs optical networking chips and custom accelerators built for artificial intelligence, known as XPUs. Data-center semiconductors now account for about 76% of its revenue, with customers including Microsoft and Amazon, and earlier this year Nvidia itself deepened the alliance with an investment of roughly $2 billion.
From hard-drive controllers to the backbone of AI
The company’s arc starts a long way back. Founded in 1995 in Santa Clara, Marvell began by making chips to manage hard drives, before becoming a key supplier of semiconductor solutions for the cloud. In 2007 it even built the Wi-Fi module for the first iPhone.
The real turning point came through a series of targeted acquisitions: in 2018 it absorbed Cavium, focused on data-center processors, while 2019 brought Avera and its custom ASIC designs. What truly shifted the balance, however, was the 2021 purchase of Inphi for about $10 billion, a pioneering name in optical digital signal processors that opened Marvell’s door to the high-speed optical interconnect market, now crucial in the AI era.
Solid results, ambitious targets
On the numbers, the group is moving with real momentum. In the first quarter of fiscal 2026 it posted revenue of $2.42 billion, up 28% year over year, with earnings per share of $0.80, just above analysts’ expectations of $0.79. «We’re seeing exceptional AI-related orders,» Murphy said. The company’s own estimates suggest that its custom-chip business alone could top $10 billion by fiscal 2029.
Despite the enthusiasm, the distance to the goal remains wide, because the current market capitalization is still many times below the $1 trillion threshold. For perspective, Nvidia is today the most valuable company in the world, valued at around $5.5 trillion. And just last month Samsung joined the trillion-dollar club, which already includes Apple, Alphabet, Microsoft, and Amazon, all lifted by an insatiable appetite for chips. For Marvell, the promotion remains a bet on the future, riding on Huang’s prediction and on whether the AI boom holds.
Editor’s note
This article was originally published in Italian on money.it by P. F. on June 06, 2026 as «Il CEO di Nvidia ha fatto impazzire il mercato rivelando quale sarà la prossima azienda da $1.000 miliardi». It has been translated and adapted for an international audience by the Money.it International desk.
