Jim Cramer Says Applied Materials Is An 'Excellent' Company, But Likes This Tech Stock More

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Bank OZK OZK is “not a high-quality bank.”

Supporting his view, Keefe, Bruyette & Woods analyst Catherine Mealor lowered the price target from $50 to $48 on April 22.

Cramer recommended buying Marvell Technology, Inc. MRVL. “I’d buy it on Monday,” he added.

According to recent news, Marvell Technology announced on April 23 the successful interoperability of the Marvell Structera portfolio of Compute Express Link (CXL) devices with Advanced Micro Devices, Inc AMD EPYC CPUs and 5th Gen Intel Corp INTC Intel Xeon platforms.

“We have so many of these digital infrastructure plays,” Cramer said when asked about Applied Digital Corporation APLD. “If you're going to go there, just go buy Salesforce.”

On April 30, the company announced it had entered into a preferred equity purchase agreement with select investors. This agreement allows the company to raise up to $150 million through the sale of its newly designated Series G Convertible Preferred Stock.

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Cramer said although Applied Materials, Inc. AMAT is an “excellent” company, but he likes Lam Research Corporation LRCX more. “And that's the one I would go for.”

On the earnings front, Applied Materials will hold its fiscal second-quarter earnings conference call on Thursday, May 15. Analysts expect the company to report quarterly earnings at $2.31 per share on revenue of 7.12 billion.

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