Jim Cramer Recently Discussed These 7 Stocks

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

Number of Hedge Fund Holders: 70

Cramer highlighted Marvell Technology, Inc.’s (NASDAQ:MRVL) progress in its custom silicon business, which he said was responsible for its stock gaining.

“… There’s also been some important pin action in the group since then. First, what Broadcom had to say last week about the success of the custom accelerator business, that echoed similar commentary from Marvell Technologies, which we had on the show last night. Marvell reported solid results over this month and also made similarly bullish comments about the trajectory of the custom silicon business. And that’s why that stock jumped 23% in a single session after it reported earlier this month, and then jumped another 10% last Friday in response to Broadcom’s quarter.

… Marvell CEO, Matt Murphy, told us last night, this market’s gonna be big enough for a number of winners. … Customers buy Marvell or Broadcom and they buy Nvidia too. It is so not a zero-sum game, and I’ve done so much research on this, people. It just isn’t. It’s a win for everybody.”

Marvell (NASDAQ:MRVL) is a semiconductor company specializing in solutions for data infrastructure, offering a broad range of products designed to meet the needs of modern data centers. The company is well-positioned to benefit from the rapid expansion of large-scale data centers as it projects a market opportunity of $75 billion by 2028.

During the third quarter of its fiscal 2025, it reported a revenue of over $1.5 billion, reflecting a 7% growth from the previous year. A significant driver of this performance was the strong demand for AI technologies. Of the total sales, $1.1 billion came from the data center sector, which saw an impressive 98% year-over-year increase. This surge in AI-driven demand contributed to the company’s better-than-expected performance and outlook.

Looking ahead, Marvell (NASDAQ:MRVL) expects total sales growth to accelerate, projecting a 26% increase in the next quarter, reaching $1.8 billion. Additionally, CEO, Matt Murphy is optimistic about the company surpassing its full-year AI revenue target of $1.5 billion and forecasts $2.5 billion in AI chip sales for the next fiscal year.