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Jim Cramer's Top Stock Pick to Buy for the 5G Revolution

Video Credit: The Street - Duration: 03:02s - Published < > Embed
Jim Cramer's Top Stock Pick to Buy for the 5G Revolution

Jim Cramer's Top Stock Pick to Buy for the 5G Revolution

The 5G telecom revolution is on the way, and there are numerous tech company's jockeying to provide the hardware to fuel the shift.

Skyworks and Qorvo will be big players in providing the tech for the switch to 5G, but neither is Jim Cramer's top pick for investors, according to his monthly address to Action Alerts PLUS club members.

That honor goes to Marvell Technology .

"There are very few pure plays on 5g.

There are, however, companies that are setting themselves up to provide important components for 5g," Cramer said.

"The company that I think has the most to offer as a percentage of its future revenues is Marvell Tech." It isn't all smooth sailing ahead for Marvell, however.

The company recently completed an acquisition for specialized microchips, which required a $600 million bridge loan that comes due in February.

But that acquisition could be partly covered due to the $1.76 billion sale of its wi-fi connectivity business to NXP Semiconductors that is expected to close in the first quarter next year.

"The stock just spiked and with what is regarded as a disappointing quarter from Skyworks-something that I felt was totally predictable-you are going to get better prices into this weakness so take this one slow.

It's had a huge move even in the week," Cramer said.

Marvell is a key holding in Jim Cramer's Action Alerts PLUS charitable trust.

Want to be alerted before Jim Cramer buys or sells MRVL?

Learn more now.

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