Jim Cramer Says Marvell Technology (MRVL) is "Right to Be Bought Here"

We recently published a list of Jim Cramer Discussed These 9 Stocks Recently. In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other stocks that Jim Cramer discussed recently.

A caller asked if the current price is a good entry point for Marvell Technology, Inc. (NASDAQ:MRVL). In response, Cramer said:

“I think Marvell is right to be bought here. I think Matt Murphy did a fantastic job. There was one little glitch involving one customer and it wasn’t, it wasn’t life or death. This level at $60 is a [buy, buy, buy].”

Marvell Technology (NASDAQ:MRVL) creates semiconductor solutions for data infrastructure, focusing on system-on-a-chip designs and integrating various processing technologies. The company’s products support networking, storage, and data transfer across a wide range of hardware applications. It is worth noting that on May 2, Cramer commented:

“It’s, you know, its stock is the same price as it was before it got into AI. This is ridiculous. It’s below right around where Matt Murphy, the CEO, bought stock back, bought it personally. I would buy the stock of Marvell, and I’d buy it on Monday.”

Overall, MRVL ranks 2nd on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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