Jim Cramer Discusses Marvell’s Stock Price Drop

“What a brainsick quality a week makes. Seven days ago, Marvell Technology, the semiconductor networking instrumentality maker, you cognize I like, reported its latest quarter, and aft an archetypal sell-off, the banal soared successful after-hours trading arsenic the forecast maturation was immense and the institution made a terrific acquisition. Then reports emerged saying that they’d mislaid immoderate spot concern with Amazon Web Services, mightiness beryllium adjacent losing much concern from Microsoft. I find this confusing. The banal plunged 7% yesterday and sank different 3% today. It’s giving up these gains. I anticipation we tin wide immoderate of this up due to the fact that the company’s firing connected each cylinders.”

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Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for information infrastructure, including system-on-a-chip designs, processors, and networking and retention products. A caller asked astir the banal during the November 24 episode, and the Mad Money big responded:

“Okay, Marvell is simply a victor erstwhile we speech astir this non-Nvidia, who makes chips for themselves benignant of thing. And Marvell is simply a precise bully stock. There’s a batch of takeover fluff successful it. I privation to hold for that fluff to beryllium taken retired of it. I’m not going to urge the banal up $6.”

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