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

QUALCOMM, okay, this 1 was up 15% today. It had been an out-of-favor semi. Now, it’s successful favor. They conscionable landed a large relationship with a hyperscaler. We don’t cognize which one, but we bash cognize that QUALCOMM was considered much of a niche compartment telephone play, and nary longer.

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QUALCOMM Incorporated (NASDAQ:QCOM) supplies wireless technologies, chips, and bundle for mobile, automotive, and IoT applications. During the April 7 episode, a caller asked whether the banal was a bully bargain astatine the level it was astatine the time, and Cramer replied:

No. No, we don’t privation to, but wherefore don’t you conscionable spell bargain Arm? I mean, I deliberation Arm’s overmuch amended than Qualcomm. Qualcomm, I think, is making a bid of missteps. Arm is making a bid of bully steps.

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