Jim Cramer Focused On These 9 Stocks Recently

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

Number of Hedge Fund Holders: 105

A caller asked Cramer’s thoughts on Marvell Technology, Inc. (NASDAQ:MRVL), noting the recent downturn in the market. Here’s what Cramer said in response:

“Marvell Tech, that’s Matt Murphy. I know there’s, it’s a wild overreaction to that quarter. It’s now below where it was when it didn’t even have it with AI. It’s getting a little crazy out there. I think that Matt has a good company. I would start buying here if I didn’t own any. So all I can do is counsel stay the course. I’m sorry, I wish I had more, but I would be a buyer, not a seller.”

Marvell Technology, Inc. (NASDAQ:MRVL) is a semiconductor company dedicated to delivering solutions for data infrastructure, offering a variety of products designed to meet the needs of modern data centers. More recently, on March 14, in response to a caller’s question whether there is a buying opportunity, Cramer said:

“The answer is yes. Right now, the stock trades at a level that it did before it even had artificial intelligence. That’s ridiculous. Matt Murphy’s doing an amazing job. I think that stock is an incredible bargain. I am a buyer, Marvell Technology.”

While we acknowledge the potential of Marvell Technology, Inc. (NASDAQ:MRVL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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