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Marvell Technology, Inc. (NASDAQ:MRVL) was among Jim Cramer’s Mad Money stock calls as he urged investors to exercise caution when it comes to red-hot AI stocks. A caller inquired if Cramer still likes the company, and in response, he said:

Oh yeah. Marvell’s, that’s Matt Murphy. He’s doing an amazing job. He bought that optical business. He’s really crushing it. I mean, you know, if like, if you want to look at Marvell versus say what was being hyped today, Marvell’s so dramatically cheaper, and it hit a 52-week high today. It can go higher. Remember, Matt came on the show when he bought like a ton at 70, and he was really upset. Remember? He came on, he said, listen, I am the signal, not the noise. Well, he just, he gave you almost a triple.

Stock market data. Photo by Burak The Weekender 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. During the April 28 episode, a caller highlighted their purchase of 300 shares of the company at $85 three months earlier and their sale of half of them at $150. When they asked for Cramer’s advice, he replied:

You’re playing with the house’s money, my friend. Here’s what you do: You let it run. I think that you’ve got a total winner in Marvell, and you know what? You’re not going to lose. What a great position, you’re playing with the house’s money. Let it run. If it gets to $200, maybe take a little off.

While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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