Marvell Technology Rockets Over 24% in Pre-Market Trading; Jensen Huang Predicts It’s Bound for Trillion-Dollar Valuation
19 hour ago / Read about 0 minute
Author:小编   

On June 2, prior to the market opening, Marvell Technology (MRVL.US) experienced a remarkable surge of over 24% in its stock price, hitting $272.66. NVIDIA CEO Jensen Huang projected that Marvell Technology is on track to become the next company to achieve a trillion-dollar market capitalization. He also disclosed that the two companies are deepening their partnership to jointly enhance their capabilities in delivering essential networking and connectivity infrastructure for next-generation artificial intelligence data centers. Previously, Marvell Technology had already seen a 7.04% increase, closing at $219.43 on Monday, with a total market capitalization of $191.9 billion. Established in 1995, Marvell Technology specializes in providing semiconductors for data infrastructure, computing, networking, storage, and customized solutions, encompassing the design, development, and sale of integrated circuits.