9 Stocks Jim Cramer Talked About

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

Number of Hedge Fund Holdings: 76

Marvell Technology, Inc. (NASDAQ:MRVL) is a chip company that provides products such as signal processors, network adapters, and SoCs. Its shares are down by 27% over the past year and by 8.3% year-to-date. Several analysts have discussed the stock in February. For instance, Benchmark reiterated a Hold rating after Marvell Technology, Inc. (NASDAQ:MRVL) completed its acquisition of Celestial AI. RBC Capital reiterated an Outperform rating and a $105 share price target in January as well. RBC’s discussion of Marvell Technology, Inc. (NASDAQ:MRVL) surrounded cloud computing giant Amazon’s AWS cloud business. The investment bank pointed out that Celestial’s products could be used by Amazon and help Marvell Technology, Inc. (NASDAQ:MRVL) secure a share of the cloud company’s Trainium chip business. These AI chips were also on Cramer’s mind as he wondered why the stock was performing poorly:

“You wanna buy Marvell, cause Marvell is their training, Marvell, you just go buy Marvell, give me a hundred thousand Marvell. . .

“But I want to remind people that most of what Andy Jassy the CEO of Amazon was talking about yesterday, was how great his Trainium is. And the Trainium chip, that’s a Marvell, is their partner. Marvell is only up 6%. It is down 7% for the year. I would buy Marvell even up here. That’s Matt Murphy doing a fantastic job, he’s their partner, I don’t understand why it’s not up more.”