Nvidia Boss Predicts Marvell Will Be Next Trillion-Dollar Firm
Nvidia boss Jensen Huang said Marvell could be the next trillion-dollar company. He spoke at the Computex tech show in Taipei, Taiwan.
Marvell's stock jumped 22% after Huang made the prediction. But Marvell is currently worth more than five times less than $1 trillion.
Klear Note — A trillion-dollar company is worth $1 trillion. Only a few US firms have reached this value. Marvell makes computer chips used in data centers and storage.
Key Terms 4
- Nvidia US tech company that makes chips used in AI systems
- Marvell US tech company that makes chips for data centers
- Computex Large annual tech trade show held in Taipei, Taiwan
- trillion-dollar company A company worth over $1 trillion in total stock value