Chipmaker Broadcom (AVGO - Get Report) tumbled after beating quarterly earnings expectations but missing revenue estimates and saying it sees a slowdown in demand.

CEO Hock Tan said "the U.S.-China trade conflict including the Huawei export ban is creating economic and political uncertainty and reducing visibility."

Jim Cramer says that, "Hock Tan misjudged the resolve and the President of the United States, which has been a mistake to date."

Other chipmakers, including Micron (MU - Get Report) , Advanced Micro Devices (AMD - Get Report) , Nvidia (NVDA - Get Report) and Qualcomm (QCOM - Get Report) all lost ground.

Semiconductors and Broadcom were among the topics in TheStreet's Cramer Live. Would a trade deal be a signal to buy? Cramer says, "I'd wait till Monday. Typically what happens when you see a stock down 20, that's massive, massive number of sell orders. You have to wait until they clean up. Usually by the morning on Monday you buy."

Broadcom is also the subject of his Real Money column: Jim Cramer: What the $2 Billion at Risk for Broadcom Really Means. In it Cramer explains what Trump's disregard for our business could mean for SWKS, QRVO, NXPI, LRCX, MU, AAPL, WDC, INTC, QCOM, NVDA, AVGO,

Cramer Live Programming Note

TheStreet's Katherine Ross is off today. Action Alerts Plus analyst Zev Fima took over the conversation with Jim Cramer TheStreet's co-founder and Action Alerts Plus portfolio manager.  

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