Was Jim Cramer Right About These 16 Stocks?

4. Marvell Technology Inc. (NASDAQ:MRVL)

Number of Hedge Fund Investors: 105

Cramer had a neutral stance on Marvell Technology Inc. (NASDAQ:MRVL) back then, advising investors to wait for a turnaround, believing it wasn’t the right time to buy:

“It had a mixed quarter. Part of the business is on fire, part of it is not on fire at all. That’s why I’m saying we got to wait. We got to get closer to when the rest of the business turns around; it’s not there yet.”

Overall, the stock hasn’t performed well since, being down by 2.78%.

On the 7th of March, Cramer talked about Marvell again, and had this to say:

“Look I think that it was terrific that Marvell got the Amazon contract. But I think people are going to say the reason why we sold it was it turned out that Broadcom got a huge new customer list. This is Softbank, Arm. If they’re really involved, it’s big. OpenAI. Apple. I would have thought maybe, look I think Marvell’s great. I think Matt Murphy’s very good, the CEO, he’s really competitive. . .But I would say that Hock Tan crushed him, by the way, Hock Tan, can I just say he put together this company out of, just piece after piece. And he’s got now the custom-made chip. That segment he owns.”