Jim Cramer Says “I Think That You’ve Got a Total Winner in Marvell”

Marvell Technology, Inc. (NASDAQ:MRVL) was among the stocks on Jim Cramer’s Mad Money radar as he discussed the recent sell-off in AI-related stocks. A caller mentioned that they bought 300 MRVL shares at $85 three months ago, sold half of them at $150, and asked what to do with the remaining shares. Cramer 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.

A stock market data. Photo by AlphaTradeZone 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. On April 21, answering a caller’s question about the stock, Cramer remarked:

Look, I think the world of Matt Murphy. I’ve liked him ever since the stock was in the $20s. My problem is we had a big hit in it, then we didn’t come back in time when it fell. We did have him on. I’m proud that we had him on talking about that he’s the signal, not the noise, and that he bought a lot of stock. And I’m glad that you bought it… Look, we own a lot of stocks. I try not to have more than 30 stocks. I didn’t pull the trigger in the bullpen… I’m always willing to admit when I screw up. I should have pulled the trigger. I didn’t. We bought some other stocks. Fortunately, they were good, too.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.