Semiconductor stocks are at the center of some of the most exciting trends in technology from autonomous cars to artificial intelligence. 

"So what if cell phones aren't so hot anymore," said Stephen Guilfoyle, founder and president of Sarge986 LLC and panelist on TheStreet's Trading Strategies roundtable with host Jim Cramer. "There is so much demand for semiconductor chips for NAND and DRAM right now. Intel (INTC) just sold a bunch of NAND in China."

Guilfoyle pointed to the inexpensive valuations of semiconductor stocks, with the exception of Nvidia (NVDA) .

Be sure to catch all of our March Trading Strategies articles, videos and podcasts here.

Catch the Instant Replay , sponsored by Charles Schwab

More from Video

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer on Starbucks: There Are Multiple Problems Here

Jim Cramer on Starbucks: There Are Multiple Problems Here

Jim Cramer on the Problem With the Case for More Rate Hikes

Jim Cramer on the Problem With the Case for More Rate Hikes

Video: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

Video: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

With GE Dropped From the Dow, Be Selective About Industrials Stocks

With GE Dropped From the Dow, Be Selective About Industrials Stocks