10 Stocks on Jim Cramer and Wall Street’s Radar

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1. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 73

Average Price Target Upside: 50.43%

On May 2, Cramer said that he would buy the stock of Marvell Technology, Inc. (NASDAQ:MRVL), as he commented:

“It’s, you know, its stock is the same price as it was before it got into AI. This is ridiculous. It’s below right around where Matt Murphy, the CEO, bought stock back, bought it personally. I would buy the stock of Marvell, and I’d buy it on Monday.”

Marvell (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure as it focuses on system-on-a-chip designs that integrate analog, mixed-signal, and digital processing. The company’s offerings include ethernet products, processors, custom chips, interconnect and storage solutions, and high-speed data transfer components.

On May 27, Susquehanna reduced its price target on the shares to $90 from $110 while maintaining a Positive rating. The firm expects results to meet expectations but sees more uncertainty around T2 volume rollout. Sentiment around XPUs and Inphi has also declined after the delayed Investor Day.

While we acknowledge the potential of Marvell Technology, Inc. (NASDAQ:MRVL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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