Jim Cramer Says “Marvell is Really an Excellent Company”

Marvell Technology, Inc. (NASDAQ:MRVL) is one of thestocks on Jim Cramer’s radar recently. A caller asked if the stock is at an inflection point to benefit from the ongoing growth in AI and data center investment. Cramer replied:

“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.”

Marvell Technology, Inc. (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure, developing system-on-a-chip architectures with analog, mixed-signal, and digital processing. The company’s portfolio includes Ethernet controllers, processors, custom ASICs, interconnect and optical products, fibre channel solutions, and storage controllers. During the September 8 episode, a caller asked whether it makes sense to hold shares of the stock. Cramer replied:

“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.”

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.