QUALCOMM Incorporated (QCOM)’s CEO’s Attitude “Rankles Me,” Says Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed As He Revealed How To Become ‘King’ Of AI. QUALCOMM Incorporated (NASDAQ:QCOM) is one of the stocks Jim Cramer recently discussed.

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the largest semiconductor companies in the world. The firm designs and sells CPUs, GPUs, and other chips that are used in smartphones, tablets, and other gadgets. QUALCOMM Incorporated (NASDAQ:QCOM)’s shares have lost 4.3% year-to-date, primarily on the back of a 9.5% dip in July. The stock fell after the firm warned investors that it could see lower revenue from Apple as the latter shifts to custom modems for the iPhone. Here is what Cramer said about QUALCOMM Incorporated (NASDAQ:QCOM) after the earnings:

“[On how there was nothing exciting for the company] No, because of the cellphone and then losing, you know, the Apple business. Apple of course reports tonight. The Apple business is, going from great to not great.

“It’s fine and I don’t want to cast aspersion on Cristiano Amon but I mean, that, there’s someone who does have little a more prideful attitude. And that rankles me a bit but that’s okay.”

Here are Cramer’s previous comments about QUALCOMM Incorporated (NASDAQ:QCOM):

“It’s the AI-related chips that are on fire today. . .Qualcomm. . .moving up again. . .Let’s again speak of the stock market rather than Sweden’s gonna do, what’s happening in Sweden. The stock market is reacting incredibly positively to stuff and there are people who don’t want to react to it or think that somehow those points aren’t valuable. I think they’re crazy. We’re having a good rally.”

While we acknowledge the risk and potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QCOM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.