Jim Cramer Discusses These 18 Stocks & President Trump’s $500 Billion AI Plan

11. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders In Q3 2024: 70

Marvell Technology, Inc. (NASDAQ:MRVL) is a chip company that sells products such as signal processors, network adapters, and storage controllers. The shares are up by 77% over the past year primarily on the back of investor enthusiasm about the firm being able to cater to the demand for custom AI processors. Cramer has also commented on this belief in previous shows. According to him, products from Marvell Technology, Inc. (NASDAQ:MRVL) are not a replacement for NVIDIA’s GPUs. Instead, he believes they will augment big tech’s AI portfolios. Here are his latest remarks which mentioned ‘traveler’ stocks that have benefited from the AI boom:

“But then when you go to Marvell, now here’s a great example of what we’re talking about. Take Marvell Technology. Here’s a 108 billion dollar company. The CEO bought billion dollars worth of, the stock was in the seventies, it’s 125. Again, you could say these are fellow travelers. You could say these are in the data room, Eaton’s in the data room . . . these are stocks that had been paused. Vertiv was on pause.”