Jim Cramer’s Latest Stock Moves: Top 10 Calls

2. Marvell Technology Inc (NASDAQ:MRVL)

Number of Hedge Funds Investors: 70

Jim Cramer said the following about Marvell during a program on CNBC.

“I’d like to highlight Marvell Technologies, MRVL. They did have a great quarter. They do have a good relationship with Amazon which includes I mean investment and the stock has gone it’s very interesting this company right here. They had no AI they had less than 200 million AI right now this is right here okay now they have 1.5 billion in AI and it is below where they had 200 million now you tell me on what construct that can be right I don’t see it.”

The company reported a 78% year-over-year increase in data center revenue for Q4, with AI contributing over 50%, and forecasts a 77.3% growth for Q1 FY2026. AI-related revenue significantly exceeded expectations, totaling $2.5 billion in FY2025, and is expected to grow further in FY2026. Marvell’s margins remain resilient, and non-GAAP EPS is projected to grow by 158% YoY in Q1 FY2026.

Marvell Tech Inc (NASDAQ:MRVL) is rapidly positioning itself as an AI-first company. Marvell has a five-year agreement with Amazon (AMZN) AWS, helping Amazon design its Trainium and Inferentia ASICs, and providing a range of optical interconnect products. Marvell Tech Inc (NASDAQ:MRVL) is now focusing on the AI opportunity, as evidenced by the recent restructuring charges, and is progressing through the design phase of its 2nm platform.

Artisan Mid Cap Fund stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q4 2024 investor letter:

“Among our top Q4 contributors were Atlassian, Spotify and Marvell Technology, Inc. (NASDAQ:MRVL). Marvell Technology is a semiconductor company offering networking, secure data processing and storage solutions to customers worldwide. We believe Marvell has among the broadest range of intellectual property in technological areas (e.g., high-bandwidth data switching and storage applications) that position it well for the growing requirements of data centers, wireless networks and autos. The company delivered strong earnings results, driven by the company’s product lines (e.g., custom silicon, optical connectivity and switching) leveraged to AI data center growth. We believe this could be a significant opportunity for the company as it helps design and manufacture cost-effective custom data center chips that would help reduce cloud providers’ reliance on expensive GPUs. Furthermore, like many other semiconductor companies, a portion of its business may bepoised for a cyclical recovery after the industry’s recent inventory correction.”