Nvidia CEO Jensen Huang has publicly endorsed Marvell Technology as the next chipmaker poised to reach a trillion-dollar valuation, a striking vote of confidence from the most influential figure in the AI hardware industry.
The endorsement came amid a broader boom in AI infrastructure spending, and its effect on markets was immediate. Marvell's stock surged 18%, according to CNBC, as investors rushed to price in what a Huang stamp of approval could mean for the company's trajectory.
Marvell's own CEO appeared unfazed by any skepticism about whether AI demand could sustain itself at current levels. In a blunt exchange reported by CNBC, the executive challenged doubters with a rhetorical question: "Do you see me blinking?"
The episode highlights how a single word from Huang — whose company Nvidia has become synonymous with the AI chip gold rush — can move markets and reshape narratives around competitors and partners alike. Marvell makes custom chips and networking semiconductors that feed into the same data center buildout that has powered Nvidia's own historic rise.
Why it matters: When the man who built the most valuable chip company on earth points to your business as the next to reach a trillion dollars, it signals that the AI infrastructure wave is broad enough to lift more than one giant — and that the race to build the physical backbone of artificial intelligence is far from over.