Was Jim Cramer Right About These 12 Stocks?

11. Marvell Technology Inc. (NASDAQ:MRVL)

Number of Hedge Fund Investors: 103

A concerned caller asked Cramer about his opinion on Marvell Technology (NASDAQ:MRVL), which Cramer saw as a stock that was under pressure, but still worth owning.

“The stock is probably being hurt, but Marvell the company, Matt Murphy is doing a terrific job.”

He believed the long-term AI trend still supported Marvell.

“I actually would own the stock,” he concluded.

That was indeed a very good call, as the stock has surged by almost 70% since the show aired in July.

Cramer has once again praised the company’s CEO for his strong conviction in a more recent episode of Mad Money:

“Matt Murphy is a very calm, very exciting triathlon, you know I’ll beat you no matter what, guy. And he kept trying to say it’s happening; the inflection is happening. I don’t think he got the word. So, then he just went and bought a million dollars of the stock. In the market. . . and said listen, you don’t believe me? Here’s a million bucks. And that was his money put in okay. I’m cancelling 10B, I’m putting in the Form 4. And that was the bottom! And that was a very important thing.”