Cramer Warns on Marvell Rally After Huang's $1 Trillion Call
Updated
Updated · CNBC · Jun 2
Cramer Warns on Marvell Rally After Huang's $1 Trillion Call
2 articles · Updated · CNBC · Jun 2
Jim Cramer said Marvell’s post-rally setup is worrying after Nvidia CEO Jensen Huang labeled the chipmaker the “next trillion-dollar company.”
Huang’s $1 trillion prediction helped drive the stock higher, but Cramer said investors should not chase AI names that surge on excitement rather than fundamental business drivers.
Cramer still said he is bullish on Marvell and its CEO, Matt Murphy, underscoring that his concern is with the pace and euphoria of the move rather than the company itself.