On June 3, GraniteShares 2x Long MRVL Daily ETF rose 18.98% in regular trading, trading at $213.525/share, with trading volume of $538 million. The leveraged ETF's surge reflects continued momentum in its underlying stock, Marvell Technology, following a major catalyst from NVIDIA CEO Jensen Huang.

At the Computex conference in Taipei, Huang publicly stated during a joint appearance with Marvell CEO Matt Murphy that Marvell could become the next trillion-dollar company. Huang emphasized that as AI computing shifts toward distributed and decoupled architectures, high-speed interconnect, switching chips, and optical communication infrastructure—Marvell's core business areas—are rapidly growing in strategic importance. He noted the two companies are consolidating their partnership to expand critical networking infrastructure for next-generation AI data centers.

Marvell's common stock surged approximately 33% in the prior session to $290.79, marking its best single-day percentage gain on record. The company currently holds a market capitalization of roughly $254 billion, and recently announced acquisitions of Celestial AI for $3.25 billion and XConn for $540 million to strengthen its optical and interconnect capabilities.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)