Shares of Marvell Technology Inc. (NASDAQ:MRVL) surged 32.52% on Tuesday after Nvidia CEO Jensen Huang described the AI infrastructure company as a potential “next trillion-dollar company,” sparking renewed interest in leveraged exchange-traded funds tied to the chipmaker.



Among the biggest beneficiaries of the move were the GraniteShares 2x Long MRVL Daily ETF (NASDAQ:MVLL) and the Direxion Daily MRVL Bull 2X ETF (NASDAQ:MRVU).



<h2>GraniteShares 2x Long MRVL Daily ETF </h2>



MVLL seeks two times the daily performance of Marvell Technology shares. The fund launched in March 2025 and carries a net expense ratio of 1.50%.



It has $386.91 million in assets under management (AUM) and trades an average daily volume of 1.18 million shares. The fund skyrocketed nearly 770% since the start of the year and about 1,160% over the past year.



Price Action: The ETF surged 65% during Tuesday’s regular trading session and gained another 19.5% in extended trading. 



<h2>Direxion Daily MRVL Bull 2X ETF</h2>



MRVU also offers two times exposure to the performance of Marvell stock. 



The fund has $52.15 million in assets under management and charges an annual expense ratio of 0.97%.



The fund has surged 997% since it launched in February. 



Price Action: MRVU climbed 65% during Tuesday’s regular trading session and gained another 20% in extended trading.



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<h2>Other ETFs Gain</h2>



Other ETFs, including iShares Semiconductor ETF (NASDAQ:SOXX) , iShares Future AI &amp; Tech ETF (NYSE:ARTY) and First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) gained between 3% to 5% on Tuesday. As MRVL accounts for a significant portion of these funds, sizable inflows or outflows could amplify trading activity in the underlying stock.



<h2>Marvell’s rally</h2>



Marvell shares rallied after Nvidia CEO Jensen Huang described the company as a potential “next trillion-dollar company” while appearing alongside Marvell CEO Matt Murphy at the Computex trade show.



Huang said Marvell’s optical interconnects, silicon photonics and custom chip business position the company at the center of the AI infrastructure buildout, highlighting the growing importance of networking and connectivity as AI workloads scale across large data centers.



Benzinga Edge Stock Rankings indicate MVLL and MRVU maintain a strong price trend in the short, medium and long term with a MVLL Momentum score in the 99.68th percentile. 



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Read Also:

Gary Black Says Broadcom, Marvell Are 'Big Winners' As Focus Shifts To Custom AI Chips As Nvidia CEO Jensen Huang Touts 'Next Trillion-Dollar Company'




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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo Courtesy: Michael Vi on Shutterstock.com

US optical comms ripped on a triple catalyst stack: NVDA Q1 revenue +85% YoY, AI clouds like Nebius raised GPU rental rates, and NVDA's USD 1B stake in Nokia plus AI-RAN partnership pulled telecom into the AI infra story. AAOI +17.21% in one session, MRVL at all-time high, COHR and LITE following, NOK +140% YTD. SG investors can tap this through SGX names like Venture (V03), Frencken (E28), AEM (AWX). Real AI extension or crowded trade?

US optical comms ripped on a triple catalyst stack: NVDA Q1 revenue +85% YoY, AI clouds like Nebius raised GPU rental rates, and NVDA's USD 1B stake in Nokia plus AI-RAN partnership pulled telecom into the AI infra story. AAOI +17.21% in one session, MRVL at all-time high, COHR and LITE following, NOK +140% YTD. SG investors can tap this through SGX names like Venture (V03), Frencken (E28), AEM (AWX). Real AI extension or crowded trade?

Optical Comms Erupt: Real AI Play Or Crowded Trade?

MRVL

NVDA

MVLL

MRVU

Marvell Technology shares surged 32.5% after Nvidia CEO Jensen Huang labeled it a potential trillion-dollar company, citing its role in AI infrastructure. This rally boosted leveraged ETFs like MVLL and MRVU by 65%, while broader semiconductor funds gained 3-5%. The surge reflects renewed investor interest in Marvell's optical interconnects and custom chip business amid the expanding AI data center market.

- Marvell Technology Inc. shares increased by 32.52% after Nvidia CEO Jensen Huang labeled the company a potential “next trillion-dollar company.”  
- This surge benefited ETFs like GraniteShares 2x Long MRVL Daily ETF and Direxion Daily MRVL Bull 2X ETF, which both saw significant gains, climbing 65% during the trading session.  
- The strong performance of Marvell and related ETFs underscores the growing importance of AI infrastructure in the semiconductor sector.

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Marvell's Massive Rally Supercharges Leveraged ETFs Soaring 65%: What Investors Need To Know