Marvell Technology, Inc. (NASDAQ:MRVL) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Discussing stocks that he missed out on, Cramer said:
Next, data centers are filled with networking software and hardware. Remember, the data center is stuffed with a huge number of chips from NVIDIA, AMD, Google, or Amazon, the more the merrier. Here you have, are you ready? Because these ones really drive you crazy. Marvell Tech, oh man, it doubled, Credo, Astera Labs, Ciena, they’re all on fire.
A stock market data. Photo by AlphaTradeZone on Pexels
Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. On April 21, answering a caller’s query about the stock, Cramer said:
Look, I think the world of Matt Murphy. I’ve liked him ever since the stock was in the $20s. My problem is we had a big hit in it, then we didn’t come back in time when it fell. We did have him on. I’m proud that we had him on talking about that he’s the signal, not the noise, and that he bought a lot of stock. And I’m glad that you bought it… Look, we own a lot of stocks. I try not to have more than 30 stocks. I didn’t pull the trigger in the bullpen… I’m always willing to admit when I screw up. I should have pulled the trigger. I didn’t. We bought some other stocks. Fortunately, they were good, too.
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