Marvell Shares Rally Following Nvidia CEO's Endorsement and Analyst Upgrade

Marvell Technology (NASDAQ:MRVL) shares surged over 13% in premarket trading after a record-breaking gain the previous day, fueled by comments from Nvidia CEO Jensen Huang who highlighted Marvell’s potential as a trillion-dollar company. Stifel analyst Tore Svanberg raised his price target to $321 and reaffirmed a Buy rating.

By Fiona Craig Wed, June 3, 2026 at 4:47 PM GMT+3 2 min read · Yahoo Finance · June 3, 2026, 13:47 UTC

Tickers: $MRVL $NVDA

Topics: analyst upgrades artificial intelligence CEO commentary data center infrastructure

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