. >> chris roland of fbr on intel. what was the big headline to you?pcs definitely better than feared here. additionally there were some disclosures about tick-tock. and it seems like that's changing actually to tick-tock tock as moore's law they admit is starting to break down. but intel will be up tomorrow. >> all right. so interesting to see this chart on init will here, dan. you've been following intel. you've been bearish intel all the right times, actually, into this earnings. >> last night we talked about them, said the sentiment was really poor heading into this print here. so to me it had to be a cover below $30 into the print. and i'm going to tell you one thing, it's already down a few percent into the highs in the after market here. i was hoping to see a $32 relief rally. i think you short it because a lot of the things that they said here i think the guidance was fine for q3 but if china weakens dramatically, this is going to be again in the 20s and possibly as low as 26 and i think you probably get a good entry tomorrow on the short side.

. >> thanks to bob peck and chris roland. i'm melissa lee. see you tomorrow at >> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer! welcome to "mad money." welcome to cramerica. other people want to make friend, i'm just trying to save you a little money. my job is not just to entertain you, but to teach you and educate you, so call me at 800-743-cnbc or tweet me me @jimcramer. this market we know it's had a huge run. we've seen the dow jones industrial average almost triple since the bottom six years ago. people have made fortunes on the individual stocks time and time again from my deus that aren't reflected in the broader averages lurk everywhere you look. sure, you couldn't see it maybe today and the smoke declined three points and the s&p slipping .7% and the nasdaq slipping .02% but with creativity and smarts they kl relatively easy to find. i often say good ideas are often

chris roland is with fbs capital markets and joins us now.ike semiconductors have been caught in the cross-sector of weak pc demand what we heard from amd and that stock is taking a beating today and also concerns about china. we're actually seeing some of the china telecom stocks that trade here in the united states off sharply today because there's the concern there won't be the upgrade. people won't be buying the smartphones as much because the emerging middle class are the ones that are playing the so-called casino that mike holland was talking about. >> that's absolutely right. we saw weak handset data coming out of china for both april and may. we were expecting probably mid double digit year on year growth but instead it looks like it's closer to mid-singles. >> which are the ones with the most exposure? qualcomm comes to mind. it has a high percentage of revenues directly from china and they feed directly into the mobile trade. qualcomm is a big player broadcom, other players like nxp and then you know there's virtually, you know i ca