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MRCL daily increase expands to 33%, market capitalization temporarily reports $23.62 million
Deep Tide TechFlow news. On June 02, according to Hyperinsight monitoring, MRVL (Marvell Technology) continued to rise 7.4% in the pre-market session of the U.S. stock market, with a high of $276. The current share price corresponds to a market value of about $236.2 billion (approximately $270). Trading on the Hyperliquid platform also expanded in tandem, with 24-hour trading volume reaching $88.75 million, open interest of $63 million, and a 24-hour gain of 33%.
MRCL has continued to climb since 9:00 PM yesterday. On the news front, the company had previously rolled out a high-capacity switching chip designed specifically for AI data center networks. Today, the rally’s main driver is a call-out from Jensen Huang at the Taipei International Computer Show (COMPUTEX), where he said, “Marvell will become the next trillion-dollar company.”
According to the official schedule, this year’s COMPUTEX will be held from June 2, 2026 (Tuesday) to June 5, 2026 (Friday), lasting 4 days. Around 10:30 AM today (during the Marvell keynote speech period), Jensen Huang took the stage as a surprise guest and held an on-stage dialogue with Marvell’s CEO for about 10 minutes.
Based on the “trillion-dollar market cap” mentioned by Jensen Huang, the implied share price would need to reach about $1,143, which is still 3.23 times higher than the current $274.