Marvell Surges 38% in Two Days on Huang's Trillion-Dollar Endorsement, S&P 500 Entry Expected

According to market data, Marvell Technology (MRVL) stock surged 38% over two trading days on June 4, closing at $301.65 and marking a fresh all-time high. The company's previous trading session saw a 33% single-day jump, its largest on record.

The rally was ignited by Nvidia CEO Jensen Huang's public backing at Computex in Taipei, where he called Marvell a potential "next trillion-dollar company." Huang also disclosed that Nvidia has invested $2 billion in Marvell as the two deepen collaboration on AI infrastructure. Market analysts expect Marvell's potential inclusion in the S&P 500—scheduled for June 19 quarterly rebalancing—to serve as a major catalyst for further gains, as passive funds tracking the index would be required to purchase shares.