NEW YORK (TheStreet) --Semiconductors have posted significant gains year to date; shares of the SPDR S&P Semiconductor ETF (XSD) are higher 26.83%, and shares of PHLX Semiconductor (SOX) are higher 33.62%.
"Don't get in the way of that semiconductor rally, that is just incredible," TheStreet's Jim Cramer said on Tuesday morning's "Squawk on the Street."
He pointed to both Micron Technology (MU) and Advanced Micro Devices (AMD) as showcasing the leadership role the semiconductors have played.
Shares of Micron are higher by 38.63%, while shares of AMD are higher by 205.05% year-to-date.
Furthermore, Cramer noted that the transformation the sector has been going through is resulting in a shift in the balance of power.
"The balance of power went from the Western Digitals (WDC) and the Seagates (STX) to the companies that buy. But, the companies that buy exercised a little too much power, so the companies that are suppliers have gotten together and are being a little bit more tough," Cramer explained.
Deals illustrating this idea include Avago's 2015 acquisition of Broadcom (AVGO) for $37 billion and more recently, Qualcomm's (QCOM) October 2016 pending purchase of NXP Semiconductors (NXPI) for $47 billion.
"Watch these semiconductors, they are really on fire like no other group and its not being pointed out," Cramer said.