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Opinions Jim Cramer - Mad Money
Indie SemiconductorINDIDON'T BUYDec 13, 2024
Jim Cramer - Mad MoneyUnknown
$4.44
Stock price when the opinion was issued
$2.43
As of Oct 12, 2026. Market Open.
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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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The auto industry is worse than people realize, so he will pause on INDI.