** Marvell Technology MRVL.O shares surging 27.6% to $279.99 in premarket trading on Tues and on track for a fresh record high after Nvidia's NVDA.O CEO called the chipmaker the next "trillion-dollar company"

** NVDA CEO Jensen Huang made the remark at the Computex conference in Taipei; earlier this yr, NVDA invested $2 bln in MRVL for its custom AI chips used in data centers

** MRVL's stock rose >7% on Mon to record high close of $219.43 for about $192 bln market cap; stock had hit an all-time intraday peak of $225.14 in the session

** Stock recently at 47 times expected earnings, vs avg forward PE of 29 over past five years, per LSEG data, suggesting it may be overvalued

** Through Mon, stock has jumped 158% YTD, far outpacing the 16.5% rise in the Nasdaq .IXIC

** 38 of 44 analysts rate the stock "strong buy" or "buy", 6 "hold"; median PT of $237.50 up from $125 a month ago