Wall St. Confidential: Cramer Says Bet on Chips

Chip inventory is being worked off, and that makes Texas Instruments (TXN Quote) a "screaming buy," Jim Cramer said on TheStreet.com TV's Wall Street Confidential video Webcast Thursday.

"The chip business is a business about inventory," he told Gregg Greenberg, the host of Wall Street Confidential. "When there's a lot of inventory, these stocks get clobbered."

A few weeks ago, Cramer said he had chip-distribution company Avnet's (AVT Quote) CEO Roy Vallee as a guest on his "Mad Money" TV show, and the chief executive told Cramer that chip inventory is being worked off. ...