Wednesday, August 2, 2023: Cramer says there may be opportunity to buy this chip stock

Jim Cramer and Jeff Marks discuss one semiconductor Club holding after it reported quarterly results Tuesday. Jim breaks down earnings from a consumer discretionary name and why he thinks it had an exceptional quarter. Finally, Jim and Jeff share why they will keeping holding one stock in the portfolio that had previously fallen out of favor, saying it has now "found religion" after attempting a hostile takeover of another company.