HomeMarket NewsSmall Caps Insightful Perspectives on Semiconductor Investments Jim Cramer's Contrarian Views: A Deep Dive into...

Insightful Perspectives on Semiconductor Investments Jim Cramer’s Contrarian Views: A Deep Dive into the Semiconductor Market

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On CNBC’s β€œMad Money Lightning Round,” Jim Cramer shared his insights on Indie Semiconductor, Inc. (β€œINDIβ€œ), painting a picture of a company that seems β€œtoo late to auto.” With a deft turn of phrase, Cramer expressed his disinterest in the auto industry, particularly in the realms of ADAS and self-driving tech, capturing the sentiment succinctly: β€œI’m just not there.”

The market was abuzz as Indie Semiconductor reported weaker-than-expected sales results for its fourth quarter, making Cramer’s stance even more poignant.

In contrast, Cramer maintained his optimistic outlook on On Holding AG (β€œONONβ€œ), highlighting his unwavering support despite the company’s upcoming fourth quarter and full-year 2023 financial results release on March 12, 2024.

Shifting gears to Confluent, Inc. (β€œCFLTβ€œ), Cramer urged caution, emphasizing the need for patience due to recent financial challenges. Yet, the tide may turn in favor of Confluent after its better-than-expected fourth-quarter financial results announcement on Feb. 7, showcasing a remarkable 26% year-over-year revenue surge.

Amidst the ebb and flow of the market, Cramer shared his belief that Chewy, Inc. (β€œCHWY) is on the cusp of a turnaround, suggesting a bottoming process in play.

Super Micro Computer, Inc. (β€œSMCIβ€œ), on the other hand, found itself in the spotlight as Cramer deemed it β€œtoo hot to handle.” The announcement of inclusion in the S&P 500 propelled Super Micro Computer shares to surge by over 18%, garnering attention and accolades from Goldman Sachs with a Neutral rating and a striking $941 price target.

Price Action:

  • Shares of Confluent gained 0.7% to close at $34.53 on Monday.
  • Super Micro Computer shares jumped 18.7% to close at $1,074.34 on Monday.
  • Chewy shares fell 1.8% to settle at $17.71.
  • On Holding shares fell 1.8% to settle at $34.03 on Monday.
  • Indie Semiconductor shares fell 1.3% to close at $6.77 on Monday.

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