Overview
- Marvell shares jumped sharply after Nvidia CEO Jensen Huang publicly called the company a potential “next trillion‑dollar company” during Computex, a comment that followed Nvidia’s $2 billion strategic investment and prompted heavy investor buying on Tuesday.
- Micron and SK Hynix each crossed roughly $1 trillion in market value as AI data‑center customers locked in large orders and suppliers reported sold‑out HBM output for 2026.
- Nvidia’s technical and commercial alignment with memory vendors, including meetings between Jensen Huang and Micron’s CEO, helped push Micron to shift into high‑bandwidth memory and win longer, higher‑margin supply deals.
- The rally rests on tight HBM capacity and fast‑growing demand from hyperscalers that are raising big financing plans for data centers, but analysts warn the memory business is cyclical and new capacity or slower AI spending could reverse valuations.
- Watch for near‑term signals that will matter to customers and workers: supplier production ramps and multi‑year contracts, hyperscaler capital plans and order timing, and quarterly results such as Micron’s next report that will show whether revenue visibility holds.