Jim Cramer Discusses Marvell's Stock Price Drop

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks Jim Cramer recently commented on. Cramer noted the stock’s recent declines as he stated:

“What a crazy difference a week makes. Seven days ago, Marvell Technology, the semiconductor networking equipment maker, you know I like, reported its latest quarter, and after an initial sell-off, the stock soared in after-hours trading as the forecast growth was huge and the company made a terrific acquisition. Then reports emerged saying that they’d lost some chip business with Amazon Web Services, might be even losing more business from Microsoft. I find this confusing. The stock plunged 7% yesterday and sank another 3% today. It’s giving up these gains. I hope we can clear some of this up because the company’s firing on all cylinders.”

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. A caller asked about the stock during the November 24 episode, and the Mad Money host responded:

“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.”

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