Marvell shares have soared 241% in a year. CEO says this is a key reason why

Monday - Friday, 6:00 - 7:00 PM ETMad MoneyPublished Tue, Sep 8 20267:07 PM EDTKey PointsMarvell Technology CEO Matt Murphy said trust has helped fuel the chipmaker's massive run over the past year. "In this market, these large hyperscale customers and the ecosystem around it, it's really based on trust," Murphy said on CNBC's "Mad Money" on Tuesday. "I think trust has been a huge part of it in our brand and our credibility." Marvell Technology CEO Matt Murphy said one of the keys to the chipmaker's massive run over the past year is something that took a decade to build: trust with the world's largest technology companies.Shares of Marvell have soared roughly 241% over the past 12 months, compared with just 6.6% for rival Broadcom, as the company deepened relationships across the artificial intelligence ecosystem, including major partnerships with Nvidia in March and Google in August."In this market, these large hyperscale customers and the ecosystem around it, it's really based on trust," Murphy said on CNBC's "Mad Money" on Tuesday. "I think trust has been a huge part of ... our brand and our credibility." He said hyperscalers need confidence that suppliers can deliver increasing...