Overview
- Jensen Huang said at Computex that Marvell could become a $1 trillion chip company, and Nvidia’s prior $2 billion stake plus product ties sent Marvell up about 32% in one session.
- Marvell’s rally followed its record data‑center revenue and a growing custom‑silicon run rate that analysts say underpin the bull case even as its forward multiples now look steep.
- Broadcom reported record fiscal Q2 AI revenue but kept its full‑year AI target unchanged and guided roughly $16 billion for the next quarter, a stance that precipitated a broad semiconductor selloff.
- The selloff erased hundreds of billions in market value from major chip names with Broadcom and Micron among the largest dollar declines and pushed investors to trade headlines for execution checks.
- Traders and analysts are now focused on upcoming earnings and supply signals, notably Micron’s June 24 report and HBM capacity ramps, as the near‑term tests that will validate or reverse the recent re‑rating.