Jim Cramer on Marvell: “It Should Have Gone Up After That Last Quarter”

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks that Jim Cramer looked at. Noting the stock’s recent upward trend, a caller asked about the stock. In response, Cramer said:

“You know what? I think it should have gone up after that last quarter. I think Matt Murphy did a terrific job. I don’t really understand the sustained decline. I think that this stock could be ready to roll. Now, Texas Instruments reported… and again, gave weak guidance. Now they’re not exactly the same, but I will tell you that I think that you could see this stock down along with Texas Instruments because Texas Instruments was that bad.”

Marvell (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure, and it offers system-on-a-chip designs, Ethernet products, custom processors, interconnect technologies, and storage controllers. During a June episode, Cramer called it an “excellent company,” as he remarked:

“On Marvell Technology, they have a Sell?… That’s just ridiculous. Marvell’s an excellent company, and they won a lot of business for some of the hyperscalers. I don’t know. That’s crazy. Matt Murphy is doing a remarkable job. The stock is starting to act right… So, by the way, I’m leaving a twofer, is AMD. So I think… you’re on the right track owning Marvell, and that brokerage firm should rethink their negativity.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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