On June 2, Jensen Huang stood on a stage in Taipei next to the chief executive of Marvell. He gestured at the man beside him and called the company the next trillion-dollar company. That was the whole event. A few words, spoken out loud, in front of a crowd.
By the close, Marvell had gained almost a third of its value in a single day. The stock finished at 290 dollars and change. It was the biggest one-day move in the company’s history. The market value swelled by roughly fifty-six billion dollars in an afternoon. That is more than many famous companies are worth in total, conjured out of one sentence from one man.