Nvidia CEO Jensen Huang Believes That Marvell Technology Could Become a $1 Trillion Company. Here's Why He Is Right
Marvell Technology is solving an important bottleneck in the AI infrastructure space.
Nvidia CEO Jensen Huang Believes That Marvell Technology Could Become a $1 Trillion Company. Here's Why He Is Right
Overview
Shares of chip designer Marvell Technology (NASDAQ: MRVL) jumped by a whopping 33% on June 2, and Nvidia CEO Jensen Huang was the reason behind this massive surge.
According to Huang, Marvell will join the trillion-dollar market cap club. That seems like an ambitious statement at first, given that Marvell currently has a market cap of almost $230 billion. However, a closer look at the problem that Marvell is solving in the artificial intelligence (AI) infrastructure ecosystem will reveal why the Nvidia CEO is bullish about the company's prospects.
Details
I won't be surprised if Marvell eventually becomes a trillion-dollar company. Let's look at the reasons why.
Source
Originally published at www.fool.com.
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