Jim Cramer’s Bold Predictions About These 9 Semiconductor Stocks

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

Number of Hedge Fund Holders In Q3 2024: 70

Date of Cramer’s Comments: 12-16-24

Performance Since Then: -7.5%

Marvell Technology, Inc. (NASDAQ:MRVL) is a chip company that designs and sells products for data center use. Like its peer Broadcom, the firm has been a major AI beneficiary as investors have piled into it over hopes of selling custom AI chips. Marvell Technology, Inc. (NASDAQ:MRVL)’s shares are down by 7.5% since Cramer’s remarks in December. The stock first dropped by 15.6% in December after Broadcom revealed that it could capture a large chunk of the custom AI chip market in 2027. Marvell Technology, Inc. (NASDAQ:MRVL)’s stock shed an additional 19% during the DeepSeek selloff. Here is what Cramer had said in December:

(Commenting on CEO’s stock buying) “That’s Matt Murphy. He’s just, Matt bought a ton of stock, 40 points ago he was very visible about it, said listen I think the stock is going higher. In terms of visible opportunities where you watch insider buying, there was nothing like this. People didn’t think anything of his million, million dollar buy. People have to understand there are still some things out there that have some wisdom. Like insider buying, you don’t buy for any reason other than you think your stock will go up. You sell for a million reasons David, you only buy for one reason.”