TradingKey – During the Asian trading session on June 2, Marvell Technology (MRVL.US) surged in U.S. overnight trading, with gains at one point exceeding 12%. In terms of market cap, Marvell is currently valued at approximately $181 billion, still quite far from the trillion-dollar mark.

Nvidia CEO Jensen Huang publicly stated at Computex that Marvell Technology will become the next trillion-dollar company, noting that both companies are strengthening their partnership to jointly expand the critical networking and connectivity infrastructure required for next-generation AI data centers.

Huang also explicitly stated: “The AI industry has entered a stage of full commercialization; computing power is revenue, and computing power is profit.”

Source link