Jim Cramer Discusses Skyworks' (SWKS) Announcement To Buy Qorvo

We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Skyworks Solutions, Inc. (NASDAQ:SWKS) is one of the stocks Jim Cramer recently discussed.

Skyworks Solutions, Inc. (NASDAQ:SWKS) is a semiconductor company that makes and sells signal processing chips. Its products include radio frequency chips, which it is widely believed to sell to Apple. As a result, Skyworks Solutions, Inc. (NASDAQ:SWKS)’s shares are linked closely to perceptions about Apple’s orders. In this appearance, Cramer discussed the firm’s announcement that it will merge with Qorvo to create a new entity worth $22 billion. Like Skyworks Solutions, Inc. (NASDAQ:SWKS), Qorvo is also believed to be an Apple supplier. The day the news was announced, Skyworks Solutions, Inc. (NASDAQ:SWKS)’s shares closed 5.8% higher. Cramer discussed the firm’s Apple business and commented on the deal:

“Now by the way the Skyworks Solutions deal with Qorvo. People were talking about how business is not going to be that good with the largest customer, you know that’s slowing down. I’m not getting that [inaudible] with Skyworks yesterday. That’s a good deal, David, you ought to check that out.”

While we acknowledge the potential of SWKS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.