Jim Cramer on Marvell: “I Want to Wait for That Fluff to Be Taken Out of It”

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks Jim Cramer recently answered questions about. Answering a caller’s query about the stock, Cramer remarked:

“Okay, Marvell is a winner when we talk about this non-Nvidia, who makes chips for themselves kind of thing. And Marvell is a very good stock. There’s a lot of takeover fluff in it. I want to wait for that fluff to be taken out of it. I’m not going to recommend the stock up $6.”

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. During the September 25 episode, a caller asked Cramer if the company’s stock is positioned to take advantage of AI and data center spending, and the Mad Money host responded:

“I think, absolutely right. And it just announced a big buyback, and it’s had a lot of insider buying and I’ve gotta tell you, this company has felt very maligned. Marvell is really an excellent company. Matt Murphy’s done a fantastic job. It has been creeping up ever since the so-called disappointment. It was up 3.7 today. You got a winner.”

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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Disclosure: None. This article is originally published at Insider Monkey.