Marvell Technology Shares Surge on Nvidia CEO Endorsement
Marvell Technology shares rose over 30% after Nvidia CEO Jensen Huang named the firm as a potential trillion-dollar company. Meanwhile, SpaceX plans a record-setting $75 billion capital raise at a $135 share price ahead of its investor roadshow.
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MARVELL TECHNOLOGY INC shares surged 30% on Wednesday morning after NVIDIA CORP CEO Jensen Huang named the chipmaker as a future trillion-dollar company. The rally pushed Marvell’s market capitalization to $254 billion, following a trend of rapid valuation growth among artificial intelligence hardware peers. Investors are increasingly rewarding semiconductor firms that support the infrastructure required for large-scale AI deployment.
