Jim Cramer Calls QUALCOMM a “Boastful Company”

Group 1 - Qualcomm announced the production of a new chip for artificial intelligence hardware, aiming to compete with Nvidia and AMD [1] - Jim Cramer expressed concerns about Qualcomm's boastful nature and compared its current stock performance to its dramatic rise and subsequent collapse in 1999, where the stock advanced 2,600% [1] - The company supplies wireless technologies, chips, and software for mobile, automotive, and IoT applications, indicating a diverse product portfolio [2] Group 2 - While Qualcomm has potential as an investment, there are AI stocks that may offer greater upside potential and less downside risk [2] - The article suggests that there are undervalued AI stocks that could benefit from Trump-era tariffs and the trend of onshoring [2]