TechFlow News, June 2: According to Hyperinsight monitoring data, MRVL (Marvell Technology) rose another 7.4% during the U.S. pre-market session, reaching a high of $276. Its current market capitalization stands at approximately $236.2 billion (around $270 per share). Trading volume on the Hyperliquid platform surged concurrently, with a 24-hour trading volume of $88.75 million and open interest reaching $63 million; its 24-hour price gain stood at 33%.
MRVL has been steadily climbing since 9:00 p.m. yesterday. On the news front, the company recently launched a high-capacity switching chip specifically designed for AI data center networks. Today’s sharp rally was primarily driven by Jensen Huang’s remarks at COMPUTEX Taipei, where he declared, “Marvell will become the next trillion-dollar company.”
Per the official schedule, this year’s COMPUTEX runs from Tuesday, June 2, 2026, through Friday, June 5, 2026—a four-day event. Around 10:30 a.m. today—during Marvell’s keynote session—Jensen Huang made a surprise appearance onstage, joining Marvell’s CEO for a roughly 10-minute joint discussion.
If Jensen Huang’s “trillion-dollar market cap” target is realized, MRVL’s share price would need to reach approximately $1,143—representing a 3.23-fold increase from its current price of $274.
