Following Monday's trade, Jim Cramer's Charitable Trust will own 700 shares of QCOM, decreasing its weighting to 3.03% from 3.66%.
Accordingly, we are downgrading our ratings on all four semiconductor stocks to 2.
Also, it will be hard for the multiples on semiconductor stocks to re-rate higher from here, unless we get some pivot from the Fed, which we do not expect any time soon.
(Jim Cramer's Charitable Trust is long QCOM, AMD, NVDA and MRVL.
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