Jim Cramer on Marvell: “It Can Go Higher”

Marvell Technology, Inc. (NASDAQ:MRVL) was among Jim Cramer’s Mad Money stock calls as he urged investors to exercise caution when it comes to red-hot AI stocks. A caller inquired if Cramer still likes the company, and in response, he said:

Oh yeah. Marvell’s, that’s Matt Murphy. He’s doing an amazing job. He bought that optical business. He’s really crushing it. I mean, you know, if like, if you want to look at Marvell versus say what was being hyped today, Marvell’s so dramatically cheaper, and it hit a 52-week high today. It can go higher. Remember, Matt came on the show when he bought like a ton at 70, and he was really upset. Remember? He came on, he said, listen, I am the signal, not the noise. Well, he just, he gave you almost a triple.

Stock market data. Photo by Burak The Weekender on Pexels

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 April 28 episode, a caller highlighted their purchase of 300 shares of the company at $85 three months earlier and their sale of half of them at $150. When they asked for Cramer’s advice, he replied:

You’re playing with the house’s money, my friend. Here’s what you do: You let it run. I think that you’ve got a total winner in Marvell, and you know what? You’re not going to lose. What a great position, you’re playing with the house’s money. Let it run. If it gets to $200, maybe take a little off.

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