#marvell Tech News.

Nvidia CEO Jensen Huang declared Marvell the next $1 trillion company at Computex 2026. The announcement follows a $2 billion investment from Nvidia into Marvell and a partnership on NVLink Fusion, optical interconnects, and silicon photonics. Marvell's market cap is currently near $275 billion with a trailing P/E over 100 and enterprise value 55 times EBITDA. The stock has risen 274% year to date and is trading at a premium.

Nvidia, Intel, Marvell, and other AI stocks fell on Friday due to a strong jobs report that sparked fears of interest rate hikes. The report showed U.S. nonfarm payrolls rose to 172,000, exceeding the consensus estimate of 80,000. This makes it harder for the Federal Reserve to justify rate cuts, which can stoke inflation and overheat the economy. AI stocks are sensitive to interest rate movements, with investors discounting future profits at a higher rate when rates rise.

Marvell Technology joins the S&P 500. MRVL stock rises 6% after hours following a 16.74% drop in regular trading. The move occurs amid a broader market sell-off. Flex, a contract manufacturer for electronics, also joins the S&P 500.

Marvell will join the S&P 500 index. The chipmaker's profitability has been boosted by the AI boom. Marvell's financial performance has met the requirements for S&P 500 membership. The company's stock price has increased due to its growing profitability.

Marvell and Micron shares decline as the chip sector records its worst day in six years. The sector's performance reflects broader market volatility in semiconductor stocks. Investors reacted to declining demand signals in data center and consumer chip segments. The drop marks a significant downturn in a sector previously seen as resilient.