California-based chipmaker's stock jumps 20% as Nvidia CEO praises firm on stage
Nvidia CEO Jensen Huang's endorsement sent Marvell Technology shares soaring over 20%. Huang predicted Marvell could become the "next trillion-dollar company," highlighting its crucial role in AI system connectivity and data infrastructure. This surge underscores Marvell's significant gains amid the AI spending boom, with its stock already up substantially over the past year.
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