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Marvell Poised as Next Trillion-Dollar Firm; Shares Jump 22%

6/2/2026

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Summary

Story summary

Jensen Huang announced at the Nvidia GTC conference in Taipei on June 1 2026 that Marvell Technology will become the next trillion-dollar company.
Marvell’s shares jumped 22% in pre-market trading, lifting the stock more than 158% year-to-date after the announcement.
The chip designer, which reported $2.4 billion revenue for its 2027 Q1 in May, builds products for data-center, cloud, AI, 5G and automotive markets.

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Story summary

Jensen Huang announced at the Nvidia GTC conference in Taipei on June 1 2026 that Marvell Technology will become the next trillion-dollar company.
Marvell’s shares jumped 22% in pre-market trading, lifting the stock more than 158% year-to-date after the announcement.
The chip designer, which reported $2.4 billion revenue for its 2027 Q1 in May, builds products for data-center, cloud, AI, 5G and automotive markets.