Marvell Technology surges after Nvidia's Huang calls it 'next trillion dollar company'

NVIDIA Corporation
Marvell Technology, Inc.

NVIDIA Corporation

NVDA

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Marvell Technology, Inc.

MRVL

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- Marvell Technology MRVL.O shares surged more than 21% in premarket trading on Tuesday after Nvidia NVDA.O Chief Executive Officer Jensen Huang called the chipmaker the next "trillion dollar company."

Marvell shares were last up 21.7% at $267, while Nvidia NVDA.O shares gained 1.4%.