The GraniteShares 2X Long MRVL Daily ETF (MVLL) soared 18.81% during the intraday session, mirroring and amplifying a sharp rally in its underlying asset, Marvell Technology Inc. (MRVL).

The surge was primarily driven by a powerful endorsement from NVIDIA CEO Jensen Huang at the Computex trade show in Taipei. Huang stated that Marvell Technology has the potential to become the next trillion-dollar company, highlighting its pivotal role in supplying networking and interconnect chips essential for AI data center infrastructure.

This bullish sentiment, coupled with NVIDIA's previously announced strategic investment in Marvell, fueled intense investor optimism. The rally reflects a fundamental shift in AI infrastructure, where connectivity is emerging as a critical bottleneck, positioning Marvell's solutions at the heart of this transition.