At Computex, Nvidia CEO Jensen Huang praised Marvell Technology as the “next trillion-dollar company,” highlighting their strategic partnership and Marvell’s key role in AI-driven networking semiconductors, which led to a significant surge in Marvell’s stock price. Additionally, Nvidia unveiled its DGX Spark, a new Arm-based chip for Windows devices designed to run personal AI agents, marking the company’s expansion into fully integrated consumer AI hardware.
At the Computex trade show in Taipei, Nvidia CEO Jensen Huang made a bold statement by calling chipmaker Marvell Technology the “next trillion-dollar company.” This declaration came during a keynote speech where Marvell’s CEO and chairman, Matt Murphy, invited Huang on stage to discuss their strategic partnership announced earlier in March. Huang’s unsolicited endorsement energized the audience and highlighted the strong collaboration between the two companies.
Huang emphasized the significance of emerging useful AI and artificial intelligence agents, praising Marvell’s networking semiconductors as a key factor in their growth potential. He reiterated his belief that Marvell is on track to become a trillion-dollar company, a sentiment that Murphy enthusiastically supported, acknowledging that while there is still work to be done, they are well on their way. This positive outlook resonated strongly with investors.
Following Huang’s remarks, Marvell’s stock price surged by more than 25% in pre-market trading on Tuesday. The company’s shares have experienced a remarkable increase of over 158% since the beginning of the year. Marvell’s market capitalization surpassed $100 billion for the first time in December 2024, and its stock closed at $191.96 per share on Monday, reflecting strong market confidence.
In addition to his appearance with Marvell, Huang also joined a keynote hosted by Arm Holdings CEO Rene Haas at Computex. On the previous day, Nvidia unveiled its DGX Spark, the company’s first fully integrated chip designed for Windows laptops and desktops. This new chip, based on Arm architecture, is capable of running personal AI agents and represents Nvidia’s initial foray into fully integrated consumer chips.
The DGX Spark is a scaled-down version of the chips powering Nvidia’s AI supercomputers and is designed to handle powerful local AI agents alongside popular games and productivity software on Microsoft Windows. This innovation underscores Nvidia’s commitment to advancing AI technology and expanding its reach into consumer markets, complementing its strategic partnerships and growth ambitions highlighted at Computex.