Jim Cramer on Marvell: "I Want to Wait for That Fluff to Be Taken Out of It"

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks Jim Cramer recently answered questions about. Answering a caller’s query about the stock, Cramer remarked:

“Okay, Marvell is a winner when we talk about this non-Nvidia, who makes chips for themselves kind of thing. And Marvell is a very good stock. There’s a lot of takeover fluff in it. I want to wait for that fluff to be taken out of it. I’m not going to recommend the stock up $6.”

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. During the September 25 episode, a caller asked Cramer if the company’s stock is positioned to take advantage of AI and data center spending, and the Mad Money host responded:

“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.”

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