Marvell Technology shares jumped almost 30% on Tuesday after Nvidia Chief Executive Jensen Huang described the semiconductor company as the "next trillion-dollar company," fueling a rally in a stock that has become closely tied to the rapid expansion of artificial intelligence infrastructure.
The remarks took place during an onstage discussion between Huang and Marvell CEO Matt Murphy at Computex in Taipei, where Huang praised the company's networking and connectivity technologies, according to CNBC.
