Jim Cramer on Marvell: "Hold on to It"

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks on Jim Cramer’s radar. When a club member mentioned that they have a position in the stock and asked what they should do, Cramer commented:

Okay, listen up… Marvell reports next week. Matt Murphy is what I call a money good player. He is going to be able to describe a deal that I think, if they let him talk about it, that is with Amazon. That is a phenomenal deal. They are making the chips for a whole bunch of these hyperscalers, and I think that they’re going to be, Amazon sold out of its most recent chip. Matt’s going to do a big number. Hold on to it. If it drops next Monday or Tuesday, buy more Marvell. I think it’s a great situation right here.

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. Cramer mentioned the stock during the Squawk on the Street episode aired on February 6. He said:

But I want to remind people that most of what Andy Jassy the CEO of Amazon was talking about yesterday, was how great his Trainium is. And the Trainium chip, that’s a Marvell, is their partner. Marvell is only up 6%. It is down 7% for the year. I would buy Marvell even up here. That’s Matt Murphy doing a fantastic job, he’s their partner, I don’t understand why it’s not up more.

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