Overview
- Nvidia CEO Jensen Huang publicly called Marvell the "next trillion‑dollar company" while appearing with Marvell CEO Matt Murphy at Computex, a remark that accelerated investor buying and a sharp rally in Marvell shares.
- Nvidia earlier this year took a roughly $2 billion equity stake in Marvell and the two firms agreed to tighter technical collaboration using Nvidia's NVLink to optimize Marvell's chip designs.
- Marvell raised its outlook in its recent quarterly report, forecasting about 70% year‑over‑year growth in its interconnect business and roughly 40% overall revenue growth for the fiscal year.
- The company projects its custom AI accelerator or XPU business to double in 2028 as a large tier‑1 customer moves to volume production and to reach about $10 billion in custom‑chip revenue by fiscal 2029, contingent on successful customer ramps.
- Analysts say reaching a $1 trillion market value would require both near‑perfect execution on Marvell's roadmap and unusually high valuation multiples, with hyperscaler demand and tight supply of high‑bandwidth memory and interconnect capacity likely to shape the outcome.