acolytes to speak up and the semiconductor analysts to raise numbers across the board thanks to Qorvo," Cramer said.
Qorvo shares surged more than 7% to a $122.71 close after the company improved its financial forecast given that demand for its advanced 4G and 5G mobile products was better than previously projected. Qorvo, whose products are used in WiFi, smartphones and the internet of things, now expects to bring $1.03 billion in revenue on the high end, up from an initial $955 million prediction, and produce about $2.14 of adjusted earnings per share at the midpoint of its guidance, up from $1.90.
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