Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer shared his thoughts on. During the episode, Cramer highlighted the company’s comeback. He remarked:
“Finally, let’s talk Intel, which has been way too hot… last year’s most surprising comeback story. The chipmaker seemed like it was being eaten alive by NVIDIA and AMD. The former CEO Pat Gelsinger, practically ran it into the ground with his ambitious plans to build semiconductor manufacturing facilities…. A lot of people were worried about this national treasure. But then they brought in Cramer fave Lip-Bu Tan as CEO, and he has managed to wrangle a bailout from the federal government, which took a nearly $9 billion stake… Once Uncle Sam got on board, even NVIDIA made a $5 billion investment in Intel. The stock’s been on fire ever since because once they cleaned up the balance sheet, Intel instantly became a much better story, and the investors had a much better bottom line.
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Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms.
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