Jim Cramer Says These 5 Nasdaq Losers Could Bounce Back in 2023

CNBC’s Jim Cramer on Friday named four stocks he thinks could make a comeback this year.

To make his picks, he analyzed the worst-performing Nasdaq 100 stocks from last year.

“Of the Nasdaq’s biggest losers, I think Qualcomm, Lam Research, Micron and Airbnb will all perform this year, though not necessarily in the first half,” he said, adding “and don’t forget Illumina.”

Here are his thoughts on each stock:


  • Cramer said that while Wall Street expects the semiconductor company to start losing orders for the iPhone in 2024, it’s possible the company could hold on to at least some of those backlogs. The company’s push into the auto market should also help the stock, he added.

Lam Research

  • He acknowledged that the near future could be ugly for chipmakers. However, “You can’t afford to wait too long after the next bad quarter, because Lam’s stock will bottom out months before the business does,” he said.


  • He advised investors to wait a few months to buy Micron stock, but be sure to do so before the chip glut ends. “Once there’s any sign of a bottom, this thing will bounce back like crazy – it always has,” he said.


  • Cramer said the company should continue to make money this year thanks to the current travel boom. Investors interested in the stock should buy it gradually on the way down, he added.


  • He said that while the company is “superb”, he prefers to own shares Danaher than Illumina.

Disclaimer: Cramer’s Charitable Trust owns shares of Qualcomm and Danaher.

Jim Cramer Says These 5 Nasdaq Losers Could Bounce Back in 2023

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