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Wajeeh Khan

Nvidia CEO Jensen Huang Just Gave Marvell Technologies Stock a Big Boost

Jensen Huang Marvell CJ Muse Nvidia MRVL

Marvell Technologies (MRVL) shares surpassed the $300 level in extended hours on June 2 after Nvidia’s (NVDA) chief executive Jensen Huang said the custom AI chips firm could be “the next trillion-dollar opportunity."

The upward momentum drove MRVL’s relative strength index (RSI) into the mid-80s, indicating overbought conditions that often trigger a near-term pullback.

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