Jim Cramer Put These 10 Stocks Under the Spotlight

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

Number of Hedge Fund Holders: 105

A caller asked if it was the ultimate buying opportunity in Marvell Technology, Inc. (NASDAQ:MRVL) with the recent big pullback after its latest earning report. This is what Cramer said in response:

“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.”

Marvell Technology (NASDAQ:MRVL) is a semiconductor company focused on providing solutions for data infrastructure, with a range of products tailored to support the demands of contemporary data centers. Columbia Seligman Global Technology Fund stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q4 2024 investor letter:

“The portfolio’s holdings in semiconductor and semiconductor equipment companies such as Broadcom and Marvell Technology, Inc. (NASDAQ:MRVL) contributed to performance relative to the fund’s benchmark. Broadcom and Marvell were two overweight positions for the portfolio compared to the benchmark and both company’s stock prices moved higher during the fourth quarter. Marvell Technology is a semiconductor chip manufacturer that primarily focuses on developing and producing technology for data infrastructure. During the fourth quarter, Marvell announced an expansion of its existing relationship with Amazon Web Services (AWS), which includes collaboration across multiple AWS products and the use of AWS’ cloud infrastructure.”