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The Teralynx launch gives Marvell a product-level AI networking catalyst, with custom silicon revenue now central to whether data center growth can support the stock’s higher expectations.
Shares of glass and electronic component manufacturer Corning (NYSE:GLW) jumped 13% in the afternoon session after it was swept up in the same optical infrastructure rally that drove Coherent up 19% and Marvell up 25%.
Nvidia CEO Jensen Huang called Marvell Technology (NasdaqGS:MRVL) "the next trillion-dollar company" during Computex 2026. Huang highlighted Marvell's networking and optical connectivity technology as key to next generation AI data centers. Nvidia and Marvell disclosed a deepening partnership that includes a US$2b investment. Marvell introduced the Teralynx T100, described as the industry's first 102.4 Tbps switch silicon aimed at AI infrastructure bottlenecks. For you as an investor, this...
President Donald Trump denied reports that communications between the United States and Iran had stalled, calling the claims “fake news.”
By Karen Roman VEON Ltd. (Nasdaq: VEON) said it closed a $1.4 billion dual-tranche senior notes offering by its subsidiary VEON Midco B.V., refinancing all of the company’s debt maturing in 2027 ahead of schedule. The offering priced on May 19 and attracted interest from diverse investors including U.S. institutional fixed-income investors, asset managers and […] The post VEON Closes USD 1.4B Bond Offering & Refinances 2027 Debt Ahead of Schedule appeared first on ExecEdge.
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) jumped 29% in the afternoon session after Nvidia CEO Jensen Huang called the company "the next trillion-dollar company" during his keynote at Computex Week in Taipei.
Advanced Micro Devices (NASDAQ:AMD) executives said demand tied to agentic artificial intelligence is accelerating faster than expected, driving a sharp expansion in the company’s server CPU opportunity and shaping its plans for GPU systems, supply chain commitments and customer engagements. Speaki
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 5.2% in the afternoon session as investors positioned ahead of its fiscal Q2 FY2026 earnings report due after the close on June 3, amplified by independent AI catalysts as Anthropic confidentially filed to go public.
All three indexes have now closed at records five sessions in a row for the first time since February 2017.
The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite rose less than 0.1%. Marvell Technology leaped to its biggest gain on record after Nvidia’s CEO suggested it could be the next company to be worth $1 trillion. The Nasdaq composite rose 7.09 points, or less than 0.1%, to 27,093.90.
Nvidia Just Sent Marvell Stock Flying With a Trillion-Dollar Forecast
Computex Lights Up AI Chip Stocks as Nvidia and Rivals Push New Plans
Nvidia CEO Names Marvell the Next Potential $1 Trillion Chip Giant
Huang's remarks crystallized a hierarchy that Wall Street is now pricing in aggressively. "We should use copper as much as we can, for as long as we can, but copper has its limits," he said. "The right strategy is to scale up with copper as long as you can — after that you scale up further with optics, you scale out with optics and you scale across with optics. So you use optics wherever you must, you use copper wherever you can."
Nvidia (NVDA) CEO Jensen Huang declared Marvell (MRVL) Technology as the next potential trillion-dollar company due to its essential data center connectivity that supports complex AI computing orchestration. This took place at the COMPUTEX 2026 conference on June 2, 2026.
Coherent, Lumentum, and Corning stocks surge Tuesday after Nvidia CEO Jensen Huang talks up optical networking demand.
The custom AI chip and networking components specialist expects its growth to accelerate in the coming years.
On this episode of Stock Movers with Alexis Christoforous: - Victoria's Secret (VSXY) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei.
Huang has lofty expectations for Marvell Technology.
Huang endorsement added over $44 billion in market cap
Marvell Technology Group Ltd. (NASDAQ:MRVL) shares jumped more than 27% on Tuesday after Nvidia CEO Jensen Huang publicly declared the chipmaker could reach a $1 trillion valuation, sending the stock to fresh highs following a blowout earnings report just days earlier. Huang made the remarks...
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