Cramer has been warning investors not to place too much confidence on the idea of a tech wreck on Wall Street. But there are certainly some soft spots within the sector.
Avnet is a top distributor of electronic components, computer products and embedded technology. It is also the No. 1 distributor of components such as semiconductors, and has a presence in IT hardware, software and services.
Cramer often compares it to being the supermarket of technology, or an arms dealer to the industry. However, he was surprised when Avnet indicated a decline in Asia. To find out more, he spoke with Avnet's CEO Rick Hamada.
"We don't think things are that bad in Asia as well. What it comes to the miss on the revenue, it's really concentrated more on our expectations for the IT hardware side of our business," Hamada said.
One semiconductor stock that has been roaring since February and finally took a breather on Thursday was NXP Semiconductors. Last year it purchased Freescale for $12 billion, making it a major player in the industry.
NXP's chips help to power the internet of things and the connected car, and invented what is known as near-field communications—the technology behind Apple Pay. Cramer spoke with NXP Semiconductor's CEO Rick Clemmer, who confirmed the company's strategy is to invest in areas where it has an opportunity to be a leader.
"Our strategy is to make sure that we are a leader in the spaces that we want to invest. We want to be at least 50 percent larger than the No. 2 player," Clemmer said.
In the Lightning Round, Cramer also gave his take on a few caller favorite stocks:
Cyberark Software: "Look, payments processing whether it be a Paypal or a Mastercard, and cybersecurity whether it be a Cyberark or a Fortinet, Proofpoint or Palo Alto — they are all growing fast but right now they are out of favor. I think they will come back in favor. I do not want you to sell Cyberark. By the way, that was a stock again that was hurt by the Icahn sell-off that shouldn't have been."
Greenhill & Co: "With Goldman Sachs down so much, why do we have to mess around? Goldman Sachs is back at its book-value price. Let's do some Goldman. The window is closing for the selling soon, too. I think Goldman Sachs is a better buy."
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