Cramer offered investors a list of Nasdaq stocks he believes could make a comeback this year.
"Out of the Nasdaq's biggest losers, I think Qualcomm, Lam Research, Micron, and Airbnb will work this year, although not necessarily the first half," he said, adding, "and don't forget Illumina."Cramer said that while Wall Street expects the semiconductor company to start losing iPhone orders in 2024, it's possible the company could hold to at least some of those orders due.
The company's push into the auto market should also help the stock, he added."you can't afford to wait around too long after this next bad quarter, because Lam's stock will bottom months before the business does," he said.He advised investors to wait several months to buy shares of Micron, but make sure to do so before the chip glut is over. "Once there's any sign of a bottom, this thing will bounce back like crazy — always has," he said.
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