Marvell Technology, Inc. (MRVL) Presents at 2026 Evercore Global TMT Conference Transcript
Marvell Technology, Inc., is back in the spotlight after Jensen pointed to Matt Murphy and said, "The next trillion-dollar company, ladies and gentlemen." This follows Marvell's 1QFY27 earnings results about a week ago, in which MRVL management, consistent with our forecast, upped its FY27 and FY28 outlook. We think FY27 is Marvell's interconnect growth year, and FY28 will belong to ASIC, so we see room for the latter to be revised up yet again.
Marvell Technology (MRVL) ripped higher this morning as Nvidia's chief executive Jensen Huang signalled the company could be “the next trillion-dollar opportunity” at the Computex conference in Taipei. According to Cantor Fitzgerald's senior managing director, CJ Muse, however, Huang's comment was more cheerleading than forecast – and investors hunting for real AI upside should be looking elsewhere.
Wall Street analysts have set Marvell Technology Inc. (NASDAQ: MRVL) stock price targets ranging from $105 to $140 over the next 12 months, as Artificial Intelligence (AI) data center demand fuels a wave of bullish upgrades.
Marvell Technology Group Ltd. (NASDAQ:MRVL) shares jumped more than 27% on Tuesday after Nvidia CEO Jensen Huang publicly declared the chipmaker could reach a $1 trillion valuation, sending the stock to fresh highs following a blowout earnings report just days earlier.
Could AI chip designer Marvell Technology be the next member of the trillion-dollar market cap club?
Shares in AI chipmaker Marvell Technology, Inc. (Nasdaq: MRVL) are surging this morning, with the company's stock price reaching new all-time highs in pre-market trading.
Marvell Technology stock price has gone parabolic and moved to a record high, helped by the ongoing artificial intelligence boom and demand for custom chips. MRVL jumped to $225, up by 370% from its lowest point in April last year.
Marvell's stock price surged more than 25% premarket trading early on Tuesday to $274.58. The overnight surge follows a 7% rise in the stock's price on Monday.
Nvidia's CEO Jensen Huang says Marvel Technology is the "next trillion dollar company." Marvell Technology surged in premarket trading on Huang's comments.
Nvidia CEO Jensen Huang called the semiconductor company “so essential” to the development of artificial intelligence.
Jensen Huang says Marvell Technology could be the next chip firm to join the trillion-dollar club, predicting a surge in demand for AI hardware fueled by the emergence of autonomous models.