During the September 1 episode of Mad Money, a caller inquired whether Marvell Technology, Inc. (NASDAQ:MRVL) is a buy. In response, Jim Cramer commented:
Okay, this is another one that proves my point. Marvell reported an amazing quarter. What they then said was, "Look, listen, maybe our big win won't be till 2029… It's going to be pushed back." They have an October meeting, beginning of October, their ****** yst meeting. That's going to tell us what's going to happen. I don't feel comfortable until I see what they say before I say just pull the trigger.
Marvell Technology, Inc. (NASDAQ:MRVL) has quietly become a powerhouse in the infrastructure driving the AI boom, specializing in custom chips and ultra-fast optical connections. Through massive partnerships, including custom silicon work with Google, the company has positioned itself right at the center of the AI buildout. Its data center revenue keeps shattering records because tech giants desperately need its networking gear to keep expensive GPUs from getting bottlenecked. For bulls, these multi-year deals mean steady, dependable growth that can ride out the usual semiconductor boom-and-bust cycles.
Even with great numbers, Wall Street has zero patience for tech stocks when timelines get pushed out. With Marvell Technology, Inc. (NASDAQ:MRVL) trading at a steep 50.25x forward multiple, there is no room for slip-ups if margins or execution wobble. As Cramer pointed out, management indicated that the big financial payoff from Google partnership might not arrive until 2029 which complicates things for investors expecting quick returns. Anyone counting on quick gains could face a reality check if customer spending slows down or unexpected hurdles pop up.
Wall Street's smart money is paying close attention to Marvell Technology, Inc. (NASDAQ:MRVL) as a practical way to back the AI infrastructure buildout. According to Insider Monkey's database tracking over 1,000 elite hedge funds, 96 hedge funds held positions in the company during the second quarter, up from 79 in the previous quarter, showing clear institutional backing. It is worth noting that the D E Shaw increased its position in Q2 by 658%, as per Insider Monkey. At the same time, short interest sits at just 3.79% of the float, indicating limited skepticism against the stock.
#NASDAQ #cramer #wall
Okay, this is another one that proves my point. Marvell reported an amazing quarter. What they then said was, "Look, listen, maybe our big win won't be till 2029… It's going to be pushed back." They have an October meeting, beginning of October, their ****** yst meeting. That's going to tell us what's going to happen. I don't feel comfortable until I see what they say before I say just pull the trigger.
Marvell Technology, Inc. (NASDAQ:MRVL) has quietly become a powerhouse in the infrastructure driving the AI boom, specializing in custom chips and ultra-fast optical connections. Through massive partnerships, including custom silicon work with Google, the company has positioned itself right at the center of the AI buildout. Its data center revenue keeps shattering records because tech giants desperately need its networking gear to keep expensive GPUs from getting bottlenecked. For bulls, these multi-year deals mean steady, dependable growth that can ride out the usual semiconductor boom-and-bust cycles.
Even with great numbers, Wall Street has zero patience for tech stocks when timelines get pushed out. With Marvell Technology, Inc. (NASDAQ:MRVL) trading at a steep 50.25x forward multiple, there is no room for slip-ups if margins or execution wobble. As Cramer pointed out, management indicated that the big financial payoff from Google partnership might not arrive until 2029 which complicates things for investors expecting quick returns. Anyone counting on quick gains could face a reality check if customer spending slows down or unexpected hurdles pop up.
Wall Street's smart money is paying close attention to Marvell Technology, Inc. (NASDAQ:MRVL) as a practical way to back the AI infrastructure buildout. According to Insider Monkey's database tracking over 1,000 elite hedge funds, 96 hedge funds held positions in the company during the second quarter, up from 79 in the previous quarter, showing clear institutional backing. It is worth noting that the D E Shaw increased its position in Q2 by 658%, as per Insider Monkey. At the same time, short interest sits at just 3.79% of the float, indicating limited skepticism against the stock.
#NASDAQ #cramer #wall
2 months ago
