Nvidia CEO's comment sends Marvell shares up 32% (opens in new tab)
Marvell Technology shares posted their biggest one-day gain after Nvidia Chief Executive Jensen Huang appeared with Marvell CEO Matt Murphy at Computex in Taipei and said the chip and networking company could become a $1 trillion business. Marvell rose roughly 32% to 33% Tuesday, with Cnyes citing a close at $290.79 and a market value of about $254.38 billion. Huang tied the forecast to Marvell’s role in AI data-center connectivity, saying networking and optical infrastructure are needed as A...
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