Marvell Technology, Inc. (NASDAQ:
MRVL) is one of the
stocks 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.”
Copyright:
ralwel / 123RF Stock Photo
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 potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
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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.
