Marvell Technologies Inc. (NASDAQ:MRVL) is one of them Stock on Jim Cramer’s radar. When a club member mentioned that they were in a stock position and asked what they should do, Kramer commented:
Well, listen up…Marvel reports next week. Matt Murphy is what I call a good money player. He’ll be able to explain a deal that I think, if they let him talk about it, it’s with Amazon. This is an unusual deal. They’re making chips for a whole bunch of these hyperscalers, and I think they will be, Amazon is sold out of their latest chip. Matt goes to a great number. Hold on to it. If it drops next Monday or Tuesday, buy more Marvel. I think it’s a good situation here.
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Marvell Technologies, Inc. (NASDAQ: MRVL ) develops semiconductor solutions for data infrastructure, including system-on-chip designs, processors, and networking and storage products. Cramer hinted at the stock during Squawk on The Street on Feb. 6. he said:
But I want to remind people that a lot of what Amazon CEO Andy Jesse was talking about yesterday, how great his tenure is. And the trinity chip, that’s Marvel, is their friend. Marvel is up just 6%. This is down 7% for the year. I’ll take Marvel even here. This Matt Murphy is doing an amazing job, he is their friend, I don’t know why this isn’t higher up.
While we acknowledge MRVL’s potential as an investment, we believe some AI stocks offer higher potential and lower risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.
Read more: 30 stocks that should double in 3 years and 11 Secret AI Stocks to Buy Right Now.
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