Jensen Huang names Marvell the next trillion-dollar companyMarvell Technology, Inc.BATS:MRVLinkicho_exnessMRVL | 4H Technical Analysis — Jun 3, 2026 Nvidia CEO Jensen Huang called out Marvell at Computex as a candidate for the next trillion-dollar company. Huang highlighted the critical role of networking infrastructure connecting data centers, and with Nvidia having already invested $2B in Marvell, the endorsement carries structural weight. Marvell manufactures the optical interconnect chips that convert electrical signals to light for high-speed data transmission across 100K+ GPU clusters. The stock surged 32.52% on the session. MRVL spent the better part of 2025 in a prolonged base-building phase between 70 and 100, with price grinding sideways for months before a decisive breakout in late February. The subsequent advance has been relentless, clearing 120, 150, 190, and 220 in sequence. Price is currently trading around 290, with EMA21 (213.45) and EMA78 (171.75) in a sharply widening bullish cross, both trending steeply higher. The 190 level had been the most recent consolidation ceiling before the huge gap, and the 220 zone marked the pre-gap high. The magnitude of today's move, gapping from the 220 area to 290, suggests a possibility of significant volatility as the market digests the move. RSI is at 87.26, deep in overbought territory and the highest reading on the entire chart. Fibonacci extension levels at 309.90 (1.272) and 333.43 (1.618) are plotted as the next upside targets on any continuation. Key levels to watch: Resistance: 290 (gap high) / 309.90 (1.272 fib) / 333.43 (1.618 fib) Support: 220 / 190 / 171.75 (EMA78) / 150 / 120 Bear case: RSI at 87 with price pulling back sharply from the gap high raises the risk of a full gap fill toward 220 or below. A close under EMA21 at 213 and a continued fade would bring 190 back into play as the next meaningful support. Bull case: A hold above 220 and reclaim of the gap zone above 250 would signal the market is absorbing the move constructively. Follow-through above 290 reopens the path toward the 310 and 333 fib extension targets, backed by the Nvidia dependency narrative as a multi-year structural catalyst. Bias is bullish on the structural breakout and Nvidia endorsement catalyst, but with RSI at extreme overbought levels and a sharp intraday reversal from the gap high, a consolidation or partial gap fill before continuation is the more probable near-term path.