Jim Cramer's Favorite Chip Stock Gets Another Buy
The Cramer-backed chip pick is back on the shopping list at roughly the same price as the mid-June entry.
If you missed the first entry, here's your second shot. The team behind Jim Cramer's investing club is adding more shares of his newest favorite chip stock, and the price is sitting right around where they bought it in mid-June. That's not a bad sign — it means the thesis hasn't blown up and the stock hasn't run away from you.
Chip stocks have been a rollercoaster in 2024, bouncing between AI-fueled euphoria and macro-driven selloffs. When a high-profile buyer doubles down at the same level, it signals conviction, not panic-buying into a rip. That's the kind of discipline retail traders often skip — and then regret.
Read more DRAM Prices Could Crater 80–90% Within Three Years →
The fact that the price hasn't moved much since the initial purchase tells you two things: the market isn't crowded into this name yet, and there's room for a re-rating if the chip sector catches another bid. Patience is the trade here, not momentum-chasing.
Keep your position sizing in check. Even a "favorite" stock can get dragged down by sector rotation or an ugly earnings print. But if you've been watching this one from the sidelines, a flat re-entry point relative to a high-conviction buyer's cost basis is the kind of setup worth paying attention to.
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