BlockBeats News, June 3rd. NVIDIA CEO Jensen Huang publicly stated at Computex yesterday that chip manufacturer Marvell "will become the next trillion-dollar company," sparking a rally in the US stock market's AI sector. Using Marvell's closing price of $219.43 as the baseline before the call, the stock surged over 32% during Tuesday's regular trading hours and continued to rise by 9.62% in after-hours trading, resulting in a price of approximately $318.76, representing a cumulative increase of about 45.27%.
Based on an estimated 8.756 billion shares outstanding, Marvell's market capitalization has soared from around $192.1 billion before the call to approximately $279.1 billion after hours, a total increase of about $87 billion. In other words, Jensen Huang's statement about Marvell being a "trillion-dollar company" boosted Marvell's market value by nearly $87 billion in just one day.
This has reignited discussions among retail investors in the US stock market about "celebrity effect" trading: in the midst of the AI frenzy, a public statement by a top tech company CEO is increasingly becoming a market catalyst powerful enough to move hundreds of billions of dollars in market value.
