Marvell shares touch record high after Nvidia's Huang calls it 'next trillion-dollar company'

Marvell Technology shares saw a significant jump of over 25%. This surge followed Nvidia CEO Jensen Huang's prediction that Marvell could become a trillion-dollar company. Marvell's custom chips are crucial for AI data centres. The company forecasts substantial revenue growth in its custom chips business. This development highlights the growing importance of specialised chips in the AI era.