What happened: Marvell Technology (MRVL) shares extended their gains another 10% in Wednesday's premarket trading after surging 32% in the previous session, fueled by comments from Nvidia (NVDA) CEO Jensen Huang, who described the custom chipmaker as "the next trillion-dollar company."
What’s behind the move: Huang’s comments made at Computex week in Taipei sent Marvell stock soaring as he appeared onstage alongside Marvell CEO Matt Murphy.
After taking the stage, Huang said, “Ladies and gentlemen, the next trillion-dollar company,” in reference to Marvell.
The custom chipmaker’s market cap sat just under $254 billion on Tuesday, still a long way from $1 trillion.
Last month, memory chipmakers Micron Technology (MU), Samsung Electronics (005930.KS), and SK Hynix (000660.KS) all made headlines as they topped valuations of $1 trillion for the first time.

LONDON, June 2 (Reuters) - The oil market is underpricing some risks from the Iran war, global commodity trading house Vitol's ‌managing director for Bahrain, Tom Baker, said on Tuesday.
Iran's ‌effective closure of the Strait of Hormuz and attacks on energy infrastructure including oilfields and refineries, have taken about 14 million barrels of Middle East supply offline, causing the largest oil supply crisis in history.
"Crude can come back online, but from a product perspective, it might be very ‌hard for the system ⁠to catch up for the rest of the year," Baker said at the S&P Global Energy Middle ⁠East Petroleum and Gas Conference in London.
"The turning point could be when someone really needs those physical molecules and the physical molecules just aren't there to buy."
The Middle East conflict and effective closure of the ‌Strait of Hormuz sent oil prices as high as $126 a barrel, though they have since receded and stood at about $95 on Tuesday.

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Voss Capital, LLC, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here. Voss Capital’s funds, Voss Value Fund, LP, and the Voss Value Offshore Fund, Ltd returned -11.4% and -11.5%, respectively, to investors net of fees and expenses, in the first quarter compared to a +0.9% return for the Russell 2000 Index, +5.0% return for the Russell 2000 Value Index, and -4.3% return for the S&P 500 Index. The Voss Value Master Fund’s total gross exposure stood at 183.2%, and the delta-adjusted exposure was 82.1% as of March 31, 2026. In the first quarter, the economic and political climate led to significant fluctuations in the stock market. Consumer sentiment remains low despite market strength and high growth expectations in a K-shaped economy. Capital flows between semiconductor, AI hardware, and other sectors have shifted market momentum, with record implied volatility, creating a volatile and complex investment environment. In addition, you can check the firm’s top 5 holdings to determine its best picks for 2026.
In its first-quarter 2026 investor letter, Voss Capital highlighted stocks like PAR Technology Corporation (NYSE:PAR). PAR Technology Corporation (NYSE:PAR) is a leading technology company that offers cloud-based hardware and software solutions to the restaurant and retail industries. On May 29, 2026, PAR Technology Corporation (NYSE:PAR) closed at $15.44 per share. One-month return of PAR Technology Corporation (NYSE:PAR) was 7.75%, and its shares lost 75.91% over the past 52 weeks. PAR Technology Corporation (NYSE:PAR) has a market capitalization of $636.84 million.
Voss Capital stated the following regarding PAR Technology Corporation (NYSE:PAR) in its Q1 2026 investor letter:
"After much private engagement, on March 4th we sent public letters to the boards of PAR Technology Corporation (NYSE:PAR), EEFT, and XPOF. Since that time, each company has taken action to address our key concerns. PAR has subsequently added Voss ******* yst Jon Hook as a Board Observer and issued formal quarterly guidance for the first time. We have recently added to our position as we expect the company’s growth could accelerate while simultaneously hitting a major inflection point in profitability and cash flow."
PAR Technology Corporation (NYSE:PAR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 31 hedge fund portfolios held PAR Technology Corporation (NYSE:PAR) at the end of the first quarter, up from 27 in the previous quarter. PAR Technology Corporation’s (NYSE:PAR) Q1 2026 revenue increased nearly 19% year-over-year to $124 million. While we acknowledge the potential of PAR Technology Corporation (NYSE:PAR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-e