Shares in US-based semiconductor manufacturer Marvell Technology surged in premarket trading on Tuesday after glowing praise from Nvidia CEO Jensen Huang.

During an appearance onstage at a conference in Taiwan on Monday, Huang told the crowd and Marvell CEO Matthew Murphy that the California chipmaker would be the “next trillion-dollar company.”

“Whoa, that would be exciting! Let’s do it together,” Murphy replied.

Huang, speaking as part of Murphy’s keynote, went on to explain the reasoning behind his view, saying that Marvell has enabled greater connectivity across AI systems.

“Useful AI has arrived. It’s the reason your demand is going through the roof,” Huang said.

“When you take a computing…