Jim Cramer recently discussed NXP Semiconductors N.V. (NASDAQ:NXPI), a semiconductor company that caters to the auto industry. Despite shares gaining 10.8% year-to-date, a 1.4% drop followed a weak earnings report. Cramer attributed this to the auto industry’s performance, calling it “choppy.”
Cramer recommended buying NXPI stock, citing its position as the last Internet of Things semiconductor company with a strong presence in the auto sector. He expressed confidence in its potential, urging viewers to consider investing in it.
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Read more at Yahoo Finance: NXP Semiconductors N.V. (NXPI) Struggled Due To Auto, Says Jim Cramer
