Jensen Huang says Marvell could become next trillion-dollar chip company after Google deal

Jensen Huang doesn’t hand out trillion-dollar predictions like business cards. So when the Nvidia CEO stepped onto the Computex stage on June 2 and called Marvell Technology “the next trillion-dollar company,” the semiconductor world paid attention. Marvell’s stock responded accordingly, surging 25-33% in the days following Huang’s endorsement. And now, a freshly inked strategic deal with Google is giving that bold forecast something it previously lacked: a concrete revenue roadmap. The Google deal changes the math On July 29, Marvell signed a strategic agreement with Google focused on developing customizable silicon for AI workloads and data-center applications. The deal’s revenue projections could reach $120 billion by fiscal year 2033, a figure that would fundamentally reshape Marvell’s financial profile. Google also stands to receive warrants for approximately 59 million shares of Marvell as part of the arrangement. That kind of equity component signals this isn’t a routine supplier contract. It’s an alignment of incentives where Google has skin in Marvell’s upside. For a company currently sitting at roughly $200 billion in market capitalization, the path from here to $1 trilli...