Semiconductor stocks have been on fire lately, including Skyworks Solutions, the maker of high-performance radio frequency and analog chips. Its products are used in everything ranging from smartphones to cars, GPS and wireless networking.
Cramer spoke with Skyworks' CEO Liam Griffin, who tied the dominance of Netflix and Facebook, by confirming that the stay-at-home economy is alive and well, and he expects the mobile trend to continue to drive change in hardware for many years ahead.
"I think what is really important about our business today is this mobile, internet ecosystem that we support. It's tremendous," Griffin said.
On the flipside, semiconductor equipment maker Lam Research was slammed after it reported a seemingly strong quarter on Wednesday. Lam was in the process of purchasing KLA-Tencor, but the acquisition was blocked by the Justice Department earlier in the month because it indicated the deal was too anti-competitive.
Initially the stock jumped on the news of a good quarter, but it gave up those gains on Thursday. Cramer speculated that the decline stemmed from the company's forecast and equipment related to DRAMs — a type of memory chip — was soft, and some investors may worry that demand for Lam's products may be approaching a peak.
Cramer spoke with Lam's CEO Martin Anstice, who responded to the fears that its products are hitting a peak.
"We are focused on the long-term opportunity to innovate for the success of our customers in the semiconductor industry and create long term value for our shareholders," Anstice said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Exelon Corporation: "I think Exelon has got it together. I was very confused, initially I was worried about ... the other mergers, but a 4 percent yield with some growth? Buy, buy, buy. Exelon is for me."
The Carlyle Group: "That yield may be a bit of a loser. I don't know if they can maintain that, so you have to be careful. It does seem undervalued to me but if you want to own it for yield, you have to be careful because I don't know whether they can back that up and it's a very opaque situation."