A trader went long on MRVL with a heavy position before Jensen Huang’s call and made over $880,000 in intraday profits.
BlockBeats news, on June 2, according to Hyperinsight monitoring, this morning, a trader on Hyperliquid used 3x leverage to go long on MRVL (Marvell Technology), at that time the stock price was at $222.69.
As of press time, this long position has recorded an unrealized profit of $880,000 within 15 hours, corresponding to a principal return rate of 66.8%. It has now become the largest long position on the platform for MRVL, and is also the address with the highest profit in this round of the price rally.
Reportedly, during the US pre-market session, MRVL's stock price has further risen to $274. According to news, MRVL has been climbing continuously since 9 pm yesterday, after the company launched a high-capacity switching chip specifically designed for AI data center networks. Today's second wave of gains was mainly driven by comments made by Jensen Huang at COMPUTEX Taipei, where he mentioned the cooperation between NVIDIA and Marvell in the field of AI data center connectivity (optical interconnects and networking), saying, "This is the next trillion-dollar company."
According to Jensen Huang's statement of a "trillion-dollar market capitalization," the corresponding stock price would need to reach approximately $1,143, which is 3.23 times higher than the current $274.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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