At Computex in Taipei in early June, Jensen Huang introduced Marvell CEO Matt Murphy and said, "They will be the next trillion-dollar company." MRVL's stock price surged 32.5% that day, and over the following two weeks its market capitalization briefly surpassed $270 billion amid speculation around the optical communications concept. As market skepticism grew over the return on investment (ROI) of AI capital expenditures, rate hike expectations, crowded trades, and leveraged liquidations occurred in succession, the US tech sector experienced a deep correction starting in late June. Having run up quickly with a high valuation, Marvell suffered a steeper correction than the broader market, hitting a low of $163 by late July and basically giving back all the gains made after Jensen Huang's remarks. Entering August, the AI narrative warmed up again, coupled with a steady stream of positive news in the optical communications sector, bringing Marvell back into the market spotlight. Huang's trillion-dollar prediction was not mere hype, as he saw where AI infrastructure is heading next and who will become an indispensable player in it. An AI cluster does not work simply by stacking tens of thousands of GPUs together; these chips must constantly exchange parameters, computational results, and memory data. As GPU computing power continues to climb, connectivity has become one of the fastest-growing segments in terms of value within AI data centers. Historically, this was mainly done using copper, but as port speeds evolve from 400G and 800G to