How to Play the Seasonal Tech Rally
While U.S. stocks closed lower Monday, Cramer noted shares of chipmaker Xilinx were able to post gains because it's "a testament to the strength of the seasonal tech bottom."
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The San Jose, Calif.-based company makes programmable logic devices, which are flexible chips that customers can re-program to suit their needs. Global macroeconomic uncertainties had caused customers to slow new orders of these chips, but Cramer isn't too worried because businesses will eventually run out and need to order more. In 2010, the PLD market was valued at $5 billion and could swell to $25 billion by 2020. The growth would bode well for Xilinx being as it currently controls 50 percent of the PLD market.
To Cramer, Xilinx is a great way to play the seasonal tech rally while benefitting from its 2.3 percent dividend yield. He wanted to learn more about this semiconductor, though, and welcomed CEO Moshe Gavrielov onto "Mad Money." Check out the full interview by watching the video.
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