Jim Cramer Says “QUALCOMM Was Considered More of a Niche Cell Phone Play, and No Longer”

QUALCOMM Incorporated (NASDAQ:QCOM) was among the stocks Jim Cramer highlighted, as he discussed the massive AI infrastructure buildout. Cramer highlighted the company’s latest deal with a hyperscaler, as he said:

QUALCOMM, okay, this one was up 15% today. It had been an out-of-favor semi. Now, it’s in favor. They just landed a big account with a hyperscaler. We don’t know which one, but we do know that QUALCOMM was considered more of a niche cell phone play, and no longer.

Photo by Adam Nowakowski on Unsplash

QUALCOMM Incorporated (NASDAQ:QCOM) supplies wireless technologies, chips, and software for mobile, automotive, and IoT applications. During the April 7 episode, a caller asked whether the stock was a good buy at the level it was at the time, and Cramer replied:

No. No, we don’t want to, but why don’t you just go buy Arm? I mean, I think Arm’s much better than Qualcomm. Qualcomm, I think, is making a series of missteps. Arm is making a series of good steps.

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