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.

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.

While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years

Disclosure: None. Follow Insider Monkey on Google News.