Qualcomm President and CEO Cristiano Amon joins “Mad Money” host Jim Cramer for a discussion about the ongoing semiconductor shortage and Qualcomm’s overall business.

Cramer begins the segment with a critique of the stock market, especially its current assessment of Qualcomm’s stock price. “This market has become a charnel house for the semiconductor stocks, even the ones that put up great numbers, because Wall Street is terrified of what will happen to the industry in a recession. I think the punishment has gotten excessive.” Cramer goes on to say that Qualcomm’s previous two quarters were sensational, noting the company’s growth in the automotive and IoT industries.

As Cramer introduces Amon, he asks if the current stock price is consistent with Qualcomm’s business more broadly. “We see the stock go down, down, down, and it makes us think that business has just been shut down at Qualcomm. Is that the case?” Amon reassured Cramer and his viewers that the growth fundamentals of Qualcomm’s business remain intact, and the company is displaying strong execution and operational discipline.

Since its most recent earnings call, Qualcomm has added a partnership with the Volkswagen Group to its automotive win pipeline — now in excess of $16 billion — and acquired Cellwize to bolster its OpenRAN and 5G private network offerings. As digital transformation continues at pace across all sectors of the economy, Qualcomm tech remains in high demand, especially in the automotive and IoT industries.

And it’s not just auto and IoT spurring growth at Qualcomm — its mobile business is growing among premium OEMs like Samsung (from 40 to 75 percent).

Amon continues to say that it’s difficult to understand the market at the moment, and that Qualcomm is focusing on things that it can control — premium tier mobile partnerships, share of wallet, automotive, and IoT, for example.

Speaking of automotive — it continues to be an exciting story for Qualcomm. Amon, who just returned from VivaTech 2022 in Paris, says he had a lot of excellent conversations about auto while he was there, and that the Snapdragon Digital Chassis is resonating with the global industry. “When you think about automotive, we’re winning the future of the automotive semiconductor business,” says Amon.

Cramer and Amon also discuss the ongoing lockdowns in China and what the means for the semiconductor industry; growth opportunities in 5G and the metaverse in both consumer and enterprise markets; the transition of PCs to ARM (including Project Volterra, a new collaboration with Microsoft); and much more.

Amon is positive about Qualcomm’s future because digital transformation and shifting technology trends in consumer and enterprise markets place Qualcomm tech at the crossroads of countless industries. And Cramer concludes that Qualcomm has “too much in the pipe, in the future” not to stick in Qualcomm’s corner.

More details on Qualcomm financials earnings: [ Ссылка ]

Thank you to @CNBCtelevision and Jim Cramer for having Cristiano on.

0:00 - Introduction & Cramer on QCOM Earnings
1:05 - "We control what we can control."
2:58 - "We're continuing business in China."
3:31- QCOM's work in the automotive industry
3:53 - Relationship between QCOM and GM
4:24 - The future of 5G
5:18 - Cristiano on the growth of QCOM
8:18 - Closing

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