Jim Cramer’s Latest Lightning Rounds: 15 Stocks to Watch

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13. STMicroelectronics N.V. (NYSE:STM)

Number of Hedge Fund Holders: 16

STMicroelectronics N.V. (NYSE:STM) specializes in the design, development, manufacturing, and sale of semiconductor products, catering to various sectors, including automotive and consumer electronics. The company’s extensive portfolio features automotive integrated circuits and power transistors, as well as application-specific integrated circuits and general-purpose analog products.

Discussing the company, Cramer said, “I think it’s fine.” He mentioned that he prefers Micron, highlighting its great quarter.

On October 1, STMicroelectronics N.V. (NYSE:STM) announced a strategic collaboration with Qualcomm Technologies International, Ltd., a subsidiary of Qualcomm Incorporated. The partnership seeks to advance industrial and consumer Internet of Things (IoT) solutions by integrating Qualcomm’s AI-powered wireless connectivity technologies with STMicroelectronics’ established microcontroller ecosystem.

The collaboration will kick off with a Wi-Fi/Bluetooth/Thread combo system-on-a-chip (SoC), with initial products expected to be available to original equipment manufacturers (OEMs) in the first quarter of 2025. It marks a significant first step, with plans for a roadmap that includes additional combo SoC products and potential expansions into cellular connectivity tailored for industrial IoT applications.

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