Marvell on Track for $2 Trillion Market Cap, Nvidia-Backed Partnership Fuels Growth
Nvidia CEO Jensen Huang has predicted that Marvell will be the next trillion-dollar stock.
The company's AI story is already reflected in its share price, which has risen significantly this year. Despite some volatility, Marvell stock opened 2026 at around $87 and recently bounced back toward the $240 range.
Nvidia invested $2 billion into Marvell as part of a broader strategic collaboration, and Marvell's ecosystem is now folded into Nvidia's NVLink Fusion. This partnership will allow Marvell to supply custom XPUs and networking equipment within Nvidia's racks.
Marvell has also been tapped by Alphabet to help develop products around Google's custom Tensor Processing Units (TPUs). The company's financial performance is beginning to match its growth story, with record revenue of $8.2 billion in fiscal 2026, up 41% year over year.