Jim Cramer Calls QUALCOMM a “Boastful Company”

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the stocks Jim Cramer recently provided insights on. Cramer highlighted the company’s announcement of its new chip for AI hardware. He said:

“Today, though, another highly elevated stock stole the show, and that’s Qualcomm, which announced that it’s going to produce a new chip for artificial intelligence hardware, something that can compete with Nvidia and AMD… My problems are twofold. First, Qualcomm is a boastful company. I don’t want to say anymore about that. Second, the action in Qualcomm today reminds me of the action in Qualcomm in 1999 when that stock advanced 2,600% only to experience one of the worst collapses in the entire dot-com era.

QUALCOMM Incorporated (NASDAQ:QCOM) supplies wireless technologies, chips, and software for mobile, automotive, and IoT applications.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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