Data infrastructure solutions company Marvell Technology, Inc.’s (NASDAQ:MRVL) stock is trading higher Thursday in sympathy with Nvidia Corp’s (NASDAQ:NVDA) upbeat quarterly results.

Nvidia reported first-quarter revenue of $44.1 billion, up 69% year-over-year and 12% from the fourth quarter. The revenue beat a Street consensus estimate of $43.2 billion.

Nvidia reported adjusted pro-forma earnings of 81 cents per share in the first quarter. Excluding the charges related to restrictions on chip sales to China, Nvidia said adjusted earnings would have been 96 cents per share.

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Nvidia is guiding for second-quarter revenue of $45.0 billion, +/- 2%.

Sur noted that Marvell is tracking to drive $4 billion in AI revenues this year (ASICs + networking), up by over 2 times Y/Y, with a strong growth profile into calendar year 2026.

Marvell stock plunged over 43% amid concerns over economic uncertainty and President Donald Trump’s tariff policies. For Marvell, China accounted for 42%-44% of its revenue between fiscal 2022 and 2024, while the U.S. generated 11%-14%.

Price Action: MRVL stock was trading higher by 6.12% to $68.54 premarket at last check Thursday.

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