Nvidia CEO Push Sends Marvell to Record; Next Steps Loom
Marvell soared 32.5% to a record $290.79 after Nvidia CEO Jensen Huang called it the next “trillion-dollar company,” fueling a $260 billion market cap and a rally in chip stocks; investors see Marvell as a key AI infrastructure play, but with shares trading near 100 times earnings, any slowdown in AI orders or margins could trigger a sharp reversal.