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Nvidia's CEO Just Called This Stock the Next Trillion-Dollar Company. Is It Time to Load Up on Shares?

The Motley Fool·
Nvidia's CEO Just Called This Stock the Next Trillion-Dollar Company. Is It Time to Load Up on Shares?

Nvidia CEO Jensen Huang praised Marvell Technology as a potential next trillion-dollar company, causing its stock to surge 32.5%. While Marvell shows strong growth in its connectivity and optical interconnect businesses (70% projected growth), the analyst cautions that reaching a $1 trillion valuation would require substantial additional growth. At a 70.5x forward P/E ratio, the stock appears overextended and the author recommends waiting for a pullback.

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