Jim Cramer on Marvell: “Hold on to It”

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks on Jim Cramer’s radar. When a club member mentioned that they have a position in the stock and asked what they should do, Cramer commented:

Okay, listen up… Marvell reports next week. Matt Murphy is what I call a money good player. He is going to be able to describe a deal that I think, if they let him talk about it, that is with Amazon. That is a phenomenal deal. They are making the chips for a whole bunch of these hyperscalers, and I think that they’re going to be, Amazon sold out of its most recent chip. Matt’s going to do a big number. Hold on to it. If it drops next Monday or Tuesday, buy more Marvell. I think it’s a great situation right here.

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. Cramer mentioned the stock during the Squawk on the Street episode aired on February 6. He said:

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.

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 this cheapest AI stock.

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