That's not to suggest that rival chip makers Nvidia ( NVDA) and Broadcom ( BRCM) are going to cede the market. And Intel has also been making some progress in mobile.
Jim Cramer ponders why M&A is just the start of the story and also wonders what a Democratic sweep would do to the markets.
M&A may dominate headlines, but investors need to watch earnings as well, says Jim Cramer.
A choppy afternoon of trading ended with stocks narrowly mixed on Friday as Microsoft MSFT pulled markets in one direction and General Electric GE in the other.