Shares of leading semiconductor manufacturers Intel Corp. (INTC), Broadcom Ltd. (AVGO), and Qualcomm Inc. (QCOM) are poised to rise dramatically higher, according to CNBC's Jim Cramer. A fundamental driver of these companies' earnings, and thus of their stock prices, is continuing strong consumer demand for devices that increasingly use semiconductors as a key component.

Cramer also cited "big-picture themes like autonomous driving, Internet of things, artificial intelligence, mobile, gaming [and] the data center" as important factors generating an explosion in demand for chips. In addition to those fundamental drivers, Cramer also sees technical reasons why these stocks should be headed yet higher, based on analysis by market technician Bob Lang, the founder of ExplosiveOptions.net.

Chipmaking stocks, Lang notes, have been surging higher since the last market bottomed in March 2009. As one example, the VanEck Vectors Semiconductor ETF (SMH) currently is trading at about 6 times its low during the market bottom in March 2009, per CNBC data, while the S&P 500 Index is up by about 3.8 times over the same period.

INTC Chart

INTC data by YCharts

Intel

The Chaikin Money Flow Oscillator, a measure of buying and selling pressure on a stock, turned positive three weeks ago, when Intel's share price started surging upward. Lang interprets this as evidence that institutions are buying Intel, and Cramer concurs. "Institutional buying is what's driving stocks higher. Intel is Exhibit A," Cramer said.

Intel's share price has more than doubled during the past five years, and its current forward P/E ratio is 12.70, per Thomson Reuters data reported by Yahoo Finance. Intel is scheduled to report earnings next week, and Cramer says any pullback should be taken as a buying opportunity.

AVGO Chart

AVGO data by YCharts

Broadcom

​Broadcom, a longtime Cramer favorite per CNBC, has grown through a series of acquisitions. Moreover, since early 2016, its chart shows a consistent pattern of successively higher highs and higher lows. Lang interprets its recent sideways movement as a bullish flag pattern, which he says often precedes a breakout to the upside. Broadcom opened October 11 at $245.21. Lang anticipates that should it rally past $250, "it should be smooth sailing to $300," CNBC says.

Broadcom's current share price is just over 7 times what it was five years ago, and its forward P/E is 13.99, per Thomson Reuters data reported by Yahoo FInance.

QCOM Chart

QCOM data by YCharts

Qualcomm

Qualcomm has been a laggard in 2017, its shares down by about 17% for the year-to-date. Reading the charts, Lang sees an inverse head-and shoulders pattern forming, which Cramer reports as a bullish signal.

Opening October 11 at $53.79, the stock has passed a resistance level that Lang estimated to exist at $53. Lang believes that Qualcomm can reach $56 in the next few weeks. Positive earnings reports and a successful conclusion to Qualcomm's bid for NXP Semiconductors NV (NXPI) might even drive the price to $60 by year-end in the opinion of some investors, CNBC adds.

Qualcomm's share price has fallen about 15% during the past five years, and its forward P/E is 16.04, per Thomson Reuters data reported by Yahoo Finance.

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