Marvell Hits $324 ATH After Huang Calls It Next Trillion-Dollar AI Stock

Marvell Technology shares surged to an all-time high of $324.15 on June 3 after NVIDIA CEO Jensen Huang endorsed the company as the 'next trillion-dollar' AI chip stock at Computex. The move followed NVIDIA's $2 billion investment announced May 31 and a strategic partnership, driving a 32.5% gain in one day plus another 5.5% intraday lift to a roughly $268 billion market cap. Speculative flows concentrated on Hyperliquid's MRVL perpetuals contract, which recorded $293 million in 24-hour volume, while the stock's year-to-date advance reached 243% amid broader AI hardware momentum.