Jensen Huang called Marvell, the next trillion dollar company and here is why I'm taking a position (Save this).
Milk Road AI Twitter · Milk Road AI (@MilkRoadAI) · 2026-06-29
Milk Road AI presents a bullish investment thesis for Marvell Technology, citing Jensen Huang's endorsement, 18 active hyperscaler custom chip programs, and a dominant position in the CXL memory interconnect market projected to reach $10 billion by 2030.
Appears in
Extraction
Topics: marvellcustom-siliconcxlai-hardwaretech-stocks
Claims
- Marvell currently runs 18 active custom chip programs simultaneously, with approximately a dozen locked in at the four largest hyperscalers.
- Marvell management has set a formal target of over $10 billion in revenue from custom silicon alone by fiscal 2029.
- Marvell is the current market share leader in CXL products, with CXL revenue expected to reach $1 billion in fiscal 2027 and $2 billion in fiscal 2028.
- The CXL market is projected to grow from $1.3 billion today to $7-10 billion by 2030, a category that was absent from most analyst models until recently.
- Jensen Huang publicly called Marvell the next trillion-dollar company.
Key quotes
Jensen Huang called Marvell, the next trillion dollar company.
Every major tech company on earth is working to reduce their dependence on Nvidia because paying Nvidia's premium prices at the scale that Amazon, Microsoft, Google and Meta operate has become financially unsustainable.
Marvell is the contractor who builds the house, but also owns the plumbing company, the electrical company, and the flooring supplier meaning one customer win doesn't generate one revenue stream, it generates four or five simultaneously.