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Marvell Surges 56% After Huang Endorsement; Trader's Position Hits $2.06M Profit Overnight

Stocks Price Volatility

2026-06-03 05:01:26

MRVL31.43%

NVDA-0.47%

According to BlockBeats, Marvell Technology (MRVL) stock surged 56% on June 3 following Nvidia CEO Jensen Huang's endorsement of the company as a potential "trillion-dollar firm." The stock briefly approached $340 during evening trading, up from around $222 when early buyers entered.

A trader on Hyperliquid holding a 3x leveraged long position realized profits expanding from approximately $880K yesterday evening to $2.06M this morning, representing a 155% return on initial capital of roughly $1.32M. The address currently holds the platform's largest MRVL long position, valued at $6.03M.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

MRVL surged more than 30% intraday, up over 200% year-to-date: Huang Renxun predicts Marvell will break through a trillion-dollar valuation

Gate Instant Trends4h ago

Huang Renxun calls Marvell a “trillion-dollar company,” and MRVL soars 32% in a single day

Market Whisper4h ago

Marvell Stock Surges 32% After Nvidia CEO's $1T Valuation Call

Lucas Bennett7h ago

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