Cramer's 'Mad Money' Recap: Tech Shines (Final)

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"Today's rally was a huge victory for the bull," an elated Jim Cramer told the viewers of his "Mad Money" TV show Wednesday.

He said the bears have once again been torn to pieces, and we owe it all to one company, Intel (INTC).

Cramer said Intel single handedly ignited the rally in the Nasdaq, and dispelled the long standing belief that nothing in tech was working. He said the signs of Intel's coming blowout quarter were everywhere, but no one was listening. Despite the chipmaker's positive comments in late May and bullish indications from other semiconductor makers, no one believed the rally in tech, until today.

Cramer said Intel's earnings numbers were a true thing of beauty, with stronger sales and earnings. He said the best way to play the Intel news is still with Intel, as many analysts are still too bearish on the company. Cramer said things will only get better for Intel from here, as the company's maturing product lines improve their gross margins and collide with a long overdue upgrade cycle.

Cramer also expects a blowout quarter from Apple (AAPL), as that company rockets ahead with strong notebook and iPhone sales.

Cramer said he'd also be a buyer of component maker Qualcomm (QCOM), a stock which he owns for his charitable trust, Action Alerts PLUS.

Also on Cramer's list of tech favs was EMC (EMC), along with two other Action Alerts Plus names, Hewlett-Packard (HPQ) and Cisco (CSCO).