Broadcom (AVGO) - Get Free Report and Marvell (MRVL) - Get Free Report have expressed their support for the $40 billion proposed takeover, which has been under regulatory scrutiny for months.
In addition to support from some of the world's largest chipmakers, Cramer told Action Alerts PLUS senior analyst Jeff Marks that he has a simple reason that he believes the deal will come to fruition.
"I remained convinced that Jensen Huang will get Arm... I was skeptical with Mellanox. I was wrong," Cramer said.
Recap TheStreet Live: Everything Jim Cramer Is Watching 6/28/21