Squawk on the Street Bears Rule Q1, Buffett's Market Message, Exclusive With Nvidia and Marvell CEOs 3/31/26
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Mar 31, 2026 
Jensen Huang, founder and CEO of NVIDIA, a pioneer in GPUs and AI infrastructure. He discusses NVIDIA's AI strategy and its $2 billion investment in Marvell. Short takes cover the Nvidia-Marvell partnership, accelerated computing and NVLink integration, how the deal expands AI market opportunity, and why strategic investments extend NVIDIA's ecosystem.
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AI Inflection Is Rebuilding Data Center Architecture
- The AI inflection point is replacing traditional data centers with accelerated computing dominated by NVIDIA CUDA GPUs.
- Jensen Huang and Matt Murphy described NVLink and Marvell's silicon photonics enabling customers to mix NVIDIA gear and semi-custom processors at rack scale, expanding TAM.
Partnerships Create Semiconductor Market Growth
- Marvell views the semiconductor market as market-creating, not zero-sum, where partnerships increase overall demand.
- Matt Murphy recalled long collaboration with NVIDIA and argued the partnership expands TAM so both companies can participate more richly.
Agentic Software Will Enlarge Enterprise TAM
- Enterprise software economics will shift: token-enhanced agentic software will lower gross margins but massively expand TAM.
- Jensen predicted trillions in enterprise IT as agents produce tokens processed in real time, turning software into much larger, lower-margin infrastructure spend.