Why did MRVL move on Jun 1, 2026?

Marvell (MRVL) surged in late-night trading on June 1, 2026, ahead of its massive 32.5% rally the following day. The initial move was triggered by the company's official announcement on June 1 introducing the Marvell Teralynx T100, the industry's first 102.4 Tbps switch silicon purpose-built for AI data centers.

The momentum was further amplified by anticipation surrounding Computex 2026, where Nvidia CEO Jensen Huang was scheduled to join Marvell CEO Matt Murphy on stage. During the subsequent keynote, Huang famously called Marvell the "next trillion-dollar company," cementing the stock's massive upward re-rating.