The great Nasdaq rally will get unexpected fuel tomorrow from Texas Instruments (TXN - commentary - Trade Now) with a guide-up of massive proportions that will serve as one more wake-up call to the fact that wireless Internet is driving things like mad here. I am amazed that people still don't get the explosion in business that wireless internet is giving us. Apple (AAPL - commentary - Trade Now) says it. Texas Instruments plays in it. Qualcomm (QCOM - commentary - Trade Now) is it.
This reluctance to embrace the Nasdaq and all of the big and little tech plays is pretty nutty. The great bull market is raging in tech and people are letting Intel (INTC - commentary - Trade Now) -- the worst in the group -- blind them to a lot of upside.
When you see those Texas Instruments numbers, you want to reach for pretty much anything wireless except maybe Motorola (MOT - commentary - Trade Now) or Nokia (NOK - commentary - Trade Now), although even the latter might make sense. I've been a bull on the sector, mostly being behind Skyworks Solutions (SWKS - commentary - Trade Now), Qualcomm, Research In Motion (RIMM - commentary - Trade Now), Apple (iPhone) and a bunch of little guys like ON Semiconductor (ONNN - commentary - Trade Now) and Starent (STAR - commentary - Trade Now), but even I am taken aback by how strong this rally is.
At the time of publication, Cramer was long Qualcomm.
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