Semiconductor and laser company nLilght (LASR) shares surged almost 50% Thursday in its public debut on Nasdaq.

The company has a host of aerospace and defense customers, including Raytheon (RTN) , a holding of Jim Cramer's charitable trust, Action Alerts PLUS.

"In aerospace and defense, lasers are used in a broad range of applications," said nLight CEO Scott Keeney.

66% of nLight's revenue stemmed from customers outside of North America.

For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

Subscribe to our Youtube Channel for extended interviews, Cramer Replays, feature content, and more!

More from Video

Top U.S. Regulators May Be Sowing the Seeds of the Next Financial Crisis

Top U.S. Regulators May Be Sowing the Seeds of the Next Financial Crisis

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

60 Seconds: What the Heck is GDPR?

60 Seconds: What the Heck is GDPR?

North Korea Still Willing to Meet Trump and 4 Other Stories You Must Know Friday

North Korea Still Willing to Meet Trump and 4 Other Stories You Must Know Friday

Replay: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation

Replay: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation