NXP Semiconductors N.V. (NASDAQ:NXPI) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech earnings. Highlighting the stock’s recent rally, Cramer said:
Or how about NXP Semi, which rocketed 25% on a shortage of chips for autos. That’s a surprise because NXP’s auto business has long been an albatross around the company’s neck. But now that the cars are filled with software-defined products, NXP is a must.
NXP Semiconductors N.V. (NASDAQ:NXPI) provides a range of processing and connectivity solutions, including microcontrollers, application processors, and secure wireless technologies. On January 23, responding to a caller who called chips and related stocks “cyclical,” Cramer remarked:
They are not cyclical. There are particular ones. NXPI is cyclical. On Semi’s cyclical. Texas Instruments is cyclical. Most of the others are not cyclical. Most of them are secular. Those big three are the three that I would say you can’t possibly buy because you have to buy them and then sell them, and I don’t like that.
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