Old Huang’s endorsement stand + a $2 billion wager—Marvell’s customized chip story this time really is captivating. With a 2029 outlook for $10 billion in revenue, they’re bold enough to project that far ahead. In the AI compute arms race, the logic of making shovels and selling water is surprisingly coherent. With a $279 market cap, is there still room to grow?

CryptoWorld News reports that Marvell’s stock price rose 28% on Tuesday after NVIDIA CEO Huang Renxun praised it at Computex as “the next trillion-dollar company.” The current stock price is $279, and its market capitalization is $243.89 billion. Huang appeared on stage alongside Marvell CEO Matt Murphy. Earlier, NVIDIA invested $2 billion in Marvell and announced a strategic partnership. Marvell expects its custom chip business to generate more than $10 billion in revenue in fiscal year 2029, driven by AI data center investment.