'If you're making components for telco infrastructure, I think you got a pretty big problem,' the 'Mad Money' host says.
. Skyworks, which makes radio frequency chips for connected devices, is the biggest winner here, he said. While the chipmaker also has an infrastructure arm, the business primarily serves Nokia and Ericsson who are focused on the 5G buildout, he added.
"I think it works, especially since the Chinese haven't retaliated against their top handset customer,, " Cramer said. "Skyworks has a very strong management team. It is an extremely cheap stock that has just gotten beaten up here." Qorvo, which does a majority of its sales in China, is a "partial winner," the host said. The company's 5G business has been strong, but the semiconductor manufacturer cut its revenue forecast for the current quarter by $50 million after the Huawei blacklist was first announced, he noted.
"The handset side of the business should be safer, but, you know what, I've got doubt about the telco infrastructure side that's all about 5G," Cramer said. "I expect Qorvo to do better, but it wouldn't be my number one pick here. It's sort of a microcosm for the broader group."
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