Jim Cramer on Marvell: "It Was a Quarter Where Management Made a Much More Credible Case That Its AI-Related Revenue Base Is Simply Exploding"

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks on which Jim Cramer gave his opinions. Cramer praised the company’s CEO and said that he “proved that his company is crushing it,” as he commented:

Now, this is one of those cases where I get to say I told you so because I’ve been a gigantic fan of Marvell… Look, even as recently as last night, it had only bounced to $75 and change. It started to feel like maybe some people felt that Matt wasn’t the signal. In retrospect, though, that was an amazing entry point because when Marvell reported last night, it was, oh my god, it was enough to send the stock into the stratosphere. Now, look, the actual quarter results were solid…

On next year’s projections, this stock’s selling for less than 18 times earnings. That’s pretty cheap even after today’s spectacular run. So let me give you the bottom line here: This was not just a good quarter from Marvell Tech. It was a quarter where management made a much more credible case that its AI-related revenue base is simply exploding. And it was a slap in the face to everyone who tried to claim that Marvell was losing business a week after they reported the previous quarter of December. Now, these guys just have to deliver. But when you look at how the stock rallied today, clearly, buyers have a lot of confidence in these forecasts. I don’t blame them. I’m a believer too, and I bet Marvell’s got much more upside. I think the negatives were really just noise at best and perhaps dissembling at worst. Matt Murphy proved that he truly is the signal, and he proved that his company is crushing it.

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. We covered the company’s recent earnings. You can read about it here.

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