Opinions
Jim Cramer - Mad Money
Indie Semiconductor
INDI-Q
DON'T BUY
Mar 04, 2024
$6.775
Stock price when the opinion was issued
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BUY
There are too many SPACs and they're fading from favour, but a few are worth considering like this. Indie Semiconductor is in the process of merging with THBR. IS makes next-generation software and chips for the car industry with exposure to self-driving cars, connected cars, and user-interface technology. They have a $2-billion strategic backlog. There's a semi shortage in cars now, which will give INDI serious pricing power. The stock has fallen from $15 to 10, their original SPAC price. This will become INDI when the deal closes.
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Is too close to self-driving cars, an industry he's cold on.