Jim Cramer on Marvell: “The Guidance Was Not What I Wanted”

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks Jim Cramer talked about. A caller asked for Cramer’s opinion on whether it makes sense to continue holding shares of the stock, and he commented:

“Marvell did not, you’re absolutely right. The guidance was not what I wanted. I believe in Matt Murphy, but I’m going to say no. I’d rather have you own NVIDIA.”

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Marvell Technology, Inc. (NASDAQ:MRVL) designs semiconductor solutions for data infrastructure, as it provides system-on-chip architectures that combine analog, mixed-signal, and digital processing. When a caller asked for advice on the company stock in an August episode, Cramer recommended buying more of it, as he said:

“Marvell Technology’s run by Matt Murphy, and I gotta tell you, Matt, Matt is a gamer. I want you to buy more. I kid you not, I think the stock is going higher. Maybe it goes back to, maybe it goes back to par, which is genuine Wall Street gibberish for $100.”

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