Cramer's 'Mad Money' Recap: The Lure of Semiconductor Stocks (Final)

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NEW YORK (TheStreet) -- "The semiconductor stocks are back," Jim Cramer told the viewers of his "Mad Money" TV show Monday.

He said after a decade of being trapped by the prevailing business cycles, the semis now have both cyclical and secular growth trends going in their favor, and the analysts haven't even noticed it yet.

Cramer said he poured over the conference calls of dozens of semiconductor stocks over the weekend, and company after company delivered blowout earnings that were just too large to be written off as strength from a recovery global economy. He said the semis are clearly benefiting from both the cyclical economic trend as well as something more.

The something more, he said, is a long-term secular boom in digital gadgets, from cell phones to e-book readers and from smart electric power to smarter cars. He said the rising middle class in China and India alone accounts for over 700 million people, and that's just the beginning.

Cramer said it's clear that the Wall Street analysts are blinded by over a decade of disappointment from the semiconductors, a group that's disappointed since the PC boom of the 1980's and the Internet boom of the 1990's. Cramer said the analysts are dismissing the trend as routine growth, which is a mistake, and an opportunity for investors to get in ahead of the curve.

Cramer said clearly that he doesn't care which semiconductor stock investors choose, as long as they choose at least one for their portfolio.