Nvidia CEO Huang's Comment on Marvell Triggers 45% Surge, Stock Gains $87B in Market Cap Overnight

NVDA-0.47%
According to BlockBeats, Nvidia CEO Jensen Huang said on June 2 at Computex that chip maker Marvell "will become the next trillion-dollar company." The stock surged 32% during Tuesday regular trading, then gained another 9.62% after hours, reaching approximately $318.76 from $219.43, for a cumulative gain of 45.27%. Based on approximately 875.6 million shares outstanding, Marvell's market cap jumped from roughly $192.1 billion to $279.1 billion, adding about $87 billion in value.
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