On CNBC's “Mad Money Lightning Round,” Jim Cramer said Bank OZK (NYSE: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. (NASDAQ:MRVL). “I’d buy it on Monday,” he added.

“We have so many of these digital infrastructure plays,” Cramer said when asked about Applied Digital Corporation (NASDAQ: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.

Cramer said although Applied Materials, Inc. (NASDAQ:AMAT) is an “excellent” company, but he likes Lam Research Corporation (NASDAQ: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.

Price Action:

• Marvell Technology shares gained 2.3% to settle at $62.33 on Friday.
• Bank OZK shares rose 2.2% to close at $44.15 during the session.
• Applied Digital shares gained 1.7% to settle at $5.30 on Friday.
• Applied Materials shares rose 4.1% to close at $155.10.

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