Internet chips on which they earn, For China’s top smartphone maker, U.S. suppliers are increasingly a nice-to-have, not a must-have
Top telecommunications companies around the world are racing to build sustainable 5G networks.
But investors don't always consider the chipmakers, which should also win big, Cramer says. While he didn't find its earnings results very impressive, he liked that the company finally managed to change the narrative around its 5G prospects. The CEO repeatedly cited "the shift to 5G" as a "tremendous catalyst" thanks to all the new connected devices that will need Skyworks' chips.
That's a gutsy call.
Makes sense to me," the "Mad Money" host said. Broadcom is another way investors can play the 5G buildout, though Cramer admitted that the sprawling chipmaker was "far from a pure play" on the next-gen network.
My view? Broadcom's terrific, but if you don't already own it, you might want to wait for a pullback to pull the trigger. He attributed the strength, in large part, to its 5G rollout efforts.
The "Mad Money" host's only qualm was Xilinx's overseas business lines. I re-named my new rescue mutt Xilinx," Cramer said. And even though telecommunications stocks might seem to be the best bets, stock-pickers shouldn't ignore the chipmakers that actually build the tech, Cramer argued.