June 2 (Reuters) – Marvell Technology’s shares surged more than 24% in premarket trading on Tuesday after Nvidia CEO Jensen Huang called the chipmaker the next “trillion-dollar company.”
Huang and Marvell CEO Matt Murphy were speaking at an event at the Computex week in Taipei on Tuesday.
Marvell shares were last up 24.4% at $272.9, set to add more than $47.2 billion in market capitalisation if gains hold. Nvidia shares also gained 1.4%.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Subhranshu Sahu and Janane Venkatraman)
