On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Microchip Technology Incorporated (NASDAQ:MCHP) is a semiconductor stock while all the semiconductors are moving down. “I suggest that you wait a few more days until we get rid of all the margin players, and you’re going to find a bottom. I don’t see it yet,” he added.

On July 13, TD Cowen analyst Joshua Buchalter maintained Microchip Technology at Hold and lowered the price target from $105 to $90.

Cramer said Vertiv Holdings Co (NASDAQ:VRT) is in “speculative hands” right now and recommended waiting. “You’ll get a better price if you want to buy. We’re not far from it, but we’re going to get a better price,” he added.

When asked about Applied Optoelectronics (NASDAQ:AAOI), he said, “Not now. We need to wait until the speculative wave has passed.”

Applied Optoelectronics said it will report its second-quarter financial results on Thursday, Aug. 6.

Cramer said Quanta Services, Inc. (NYSE:PWR) has come down a lot, and it’s a better company than Wesco International (NYSE:WCC).

Nebius Group N.V. (NASDAQ:NBIS) is at the “nexus of the craziness right now. It’s not a crazy company; it’s very good company,” Cramer said, “This stock is not done going down. There’ll be another time to buy it, but that time is not now.”

Cramer said Coca-Cola Consolidated, Inc. (NASDAQ:COKE) is good, but The Coca-Cola Company (NYSE:KO) is a better stock.

According to recent news, Coca-Cola Consolidated declared a dividend of 25 cents per share on July 10 for the third quarter.

Cramer said he doesn’t know about ExlService Holdings, Inc. (NASDAQ:EXLS).

On July 9, TD Cowen analyst Bryan Bergin maintained ExlService at Buy and lowered the price target from $45 to $39.

Price Action:

  • Microchip Technology shares dipped 5.3% to settle at $81.68 on Thursday.
  • Vertiv shares dipped 3.4% to close at $294.11 during the session.
  • Applied Optoelectronics shares dipped 8.1% to settle at $100.24 on Thursday.
  • Quanta shares declined 2.8% to close at $631.02.
  • Coca-Cola Consolidated shares gained 3.1% to settle at $182.45 on Thursday.
  • Nebius shares dipped 13.9% to close at $171.77 during the session.
  • Exlservice shares gained 4% to settle at $28.69 on Thursday.

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