Marvell stock soars 32% as Nvidia's Huang says it could be the next trillion-dollar company
Marvell's stock experienced a significant increase of 32% following comments from Nvidia's CEO, Jensen Huang, highlighting the company's essential role in connectivity for distributed computing. Marvell specializes in high-performance chips that support various sectors, including cloud computing and AI. The company reported strong earnings and forecasts continued revenue growth driven by its data center business.
- ▪Marvell's stock rose 32% after Nvidia's CEO praised its role in connectivity.
- ▪The company specializes in high-performance chips for data infrastructure.
- ▪Marvell reported $2.4 billion in revenue for the first quarter of 2027 and expects continued growth.
Opening excerpt (first ~120 words) tap to expand
"When you take a computing problem, and you disaggregate it into a lot of parts, and you distribute it across the entire data center, what's necessary is connectivity," Huang said. "That's the reason why Matt's doing so well. That's the reason why Marvell is so essential." "We've distributed and disaggregated computing so that it runs across these enormous clusters, so that we could get aggregating the total compute, the total memory, the total bandwidth that we have, and what makes it possible is connectivity," the Nvidia CEO added.Marvell specializes in designing high-performance chips used in global data infrastructure, including cloud computing, AI, enterprise networking, 5G carrier networks and automotive systems.The company's 2027 first-quarter earnings beat analyst estimates in…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Tech.
Discussion
0 commentsMore from CNBC — Tech
