Jim Cramer: What 5G Means For Qualcomm

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Qualcomm (QCOM) - Get Report is just the latest company to discuss how the coronavirus could impact them in their conference call.

They join companies such as Tesla (TSLA) - Get Report, Starbucks (SBUX) - Get Report, Ralph Lauren (RL) - Get Report, Disney (DISNEY) , and Nike (NIKE) to warn about possible impacts from the virus, which has around 60 million people under lockdown in China.

Qualcomm posted stronger-than-expected earnings after the bell Wednesday.

However, the beat was overshadowed by its virus warning.

Qualcomm said that the coronavirus could have a material impact on its near-term profit forecasts and disrupt global smartphone demand and supply chains.

But there’s always a silver lining.

Even if the virus slows the rollout of 5G in China, Qualcomm said its chips will still find demand in markets such as Korea, Japan and the United States.

Here's what Jim Cramer thinks about 5G and Qualcomm.

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