Cramer Prefers ARMH And CRUS Over SNDK

Jim Cramer said in an interview with Erin Burnett, on CNBC, that investors are placing large bets on SanDisk Corporation (NASDAQ: SNDK) as a play for Apple Inc. (NASDAQ: AAPL).

Cramer added that if you want to make derivative trades on Apple (AAPL), you should look at ARM Holdings plc (ADR) (NASDAQ: ARMH) and Cirrus Logic, Inc. (NASDAQ: CRUS) instead. He likes SanDisk (SNDK) very much, but it got carried away versus ARMH and CRUS.

SanDisk (SNDK) spiked 6.13% on a heavy volume today, while ARMH dropped 0.08%. CRUS gained 0.92%, and closed at $14.22.