U.S. Markets closed

If you’re obsessed with Nvidia, Cramer says to watch these 5 stocks, too

Abigail Stevenson
Kai Pfaffenbach | Reuters

When it comes to semiconductors, Jim Cramer says to watch Texas Instruments (TXN), Analog Devices (ADI), Broadcom (AVGO), Micron (MU), Advanced Micro Devices (AMD) and Western Digital (WDC) — not just Nvidia (NVDA).

"The now repulsive obsession with Nvidia … has blinded people to the semis that can provide the fuel to the next leg higher," the " Mad Money " host said.

The Consumer Electronics Show this week showcased various technologies that will rely on many different semiconductor companies, not just Nvidia.

Credit Suisse issued a bullish report on Monday that highlighted Texas Instruments and how it is built into many important devices. Cramer was also impressed with Analog Devices' commitment to autonomous cars.

The better than expected quarter from Micron excited Cramer because when Micron booms, it really booms.

"We are only in the second boom quarter, which means it is still early innings," Cramer said.

Western Digital branched out into flash, and still holds a dominant position in the data center. The difference between Nvidia and Western Digital, Cramer said, is how cheap the stock is in comparison to Nvidia.

So, while Cramer still adores Nvidia, he says it would be foolish to ignore the changes at all of the other semiconductor companies.

"The Nvidia umbrella lifts the whole space, especially these left-behind, almost forlorn and relatively cheap chip stocks," Cramer said.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

More From CNBC