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Marvell shares surged after Nvidia CEO Jensen Huang called it the next trillion-dollar company, citing its key role in AI data centers.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA CEO Jensen Huang declared Marvel Technology the next trillion-dollar company.
00:08According to CNBC, Marvel Technology shares soared after NVIDIA.
00:13CEO Jensen Huang praised the company's role in AI infrastructure
00:18during a joint appearance with Marvel CEO Matthew Murphy at Computex Week in Taipei.
00:24Huang predicted Marvel will become the next trillion-dollar company,
00:27citing its networking and connectivity chips as essential to data centers
00:32that distribute computing tasks across thousands of interconnected chips.
00:36Marvel shares surged 22% in pre-market trading on Tuesday and are up over 158% year-to-date.
00:43The company posted $2.4 billion in revenue in its fiscal first quarter of 2027, beating analyst estimates.
00:52NVIDIA has committed $2 billion in investment into Marvel.
00:55For all things money, visit Benzinga.com.
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