Marvell stock surges 20% after Huang calls it next trillion-dollar firm

Nvidia CEO Jensen Huang called Marvell the next trillion-dollar company during an onstage appearance at Computex Week. Marvell's stock rose 32.52% on Tuesday, its largest one-day gain ever. The surge followed Huang's remarks about Marvell's role in AI infrastructure build-out. The move outpaced Marvell's previous peak in May 2023.