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Benzinga
Benzinga
Business
Craig Jones

Why Jim Cramer Prefers These 2 Semiconductor Stocks

On CNBC’s "Mad Money Lightning Round," Jim Cramer said SoFi Technologies, Inc. (NASDAQ:SOFI) has been getting destroyed.

When asked about indie Semiconductor, Inc. (NASDAQ:INDI), he said: "The only two semis in that space that you want to own are NXP Semiconductors N.V. (NASDAQ:NXPI) and ON Semiconductor Corporation (NASDAQ:ON)."

Cramer recommended buying more shares of Edwards Lifesciences Corporation (NYSE:EW) as he believes that quarter was very good.

The "Mad Money" host said he prefers Magna International Inc. (NYSE:MGA) over Tenneco Inc. (NYSE:TEN).

Check out our premarket coverage here .

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