Jim Cramer Discusses Marvell’s (MRVL) Shares

We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks discussed by Jim Cramer.

Marvell Technology, Inc. (NASDAQ:MRVL) is a chip designer that makes and sells signal processors, interconnects, and other items. The shares are up by 338% over the past year and by 247% year-to-date. Keybanc discussed the firm on June 18th as it raised the share price target to $385 from $260 and kept an Overweight rating on the stock. The financial firm’s coverage came after it held investor meetings with Marvell Technology, Inc. (NASDAQ:MRVL)’s management. The meetings left the financial firm optimistic about the firm’s data center networking market. Cramer discussed the recent movement in the shares:

“The one to watch is Marvell. This is the one that was anointed by Jensen Huang, CEO of NVIDIA as the next trillion dollar stock. I think that’s a little fanciful, because it just doesn’t really have that kind of earnings power. Yet. Yet. It might, but the stock was down very badly, and it’s reversed. And I think that what you’re seeing is the desire to buy all sorts of hardware, not just SpaceX. . .”

Jim Cramer Discusses Marvell's (MRVL) Shares

While we acknowledge the risk and potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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