Nvidia CEO Huang Calls Marvell Next Trillion-Dollar Company

Nvidia CEO Jensen Huang said at Computex in Taipei that Marvell Technology could become the next trillion-dollar company. Huang's comments sent Marvell shares up 32.5% on June 2, giving the company a market cap over $250 billion. Nvidia took a $2 billion stake in Marvell earlier this year. Marvell is a leader in ASIC technology and provides IP for Amazon's Trainium chip and Microsoft's Maia chips.