UPDATE 1-Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'
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Marvell Technology, Inc.
NVIDIA Corporation NVDA | 0.00 | |
Marvell Technology, Inc. MRVL | 0.00 |
Updates prices, adds details
June 2 (Reuters) - Marvell Technology's MRVL.O shares surged more than 24% in premarket trading on Tuesday after Nvidia NVDA.O CEO Jensen Huang called the chipmaker the next "trillion-dollar company."
Huang and Marvell CEO Matt Murphy were speaking at an event at the Computex week in Taipei on Tuesday.
Marvell shares were last up 24.4% at $272.9, set to add more than $47.2 billion in market capitalisation if gains hold. Nvidia NVDA.O shares also gained 1.4%.