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Jim Cramer on Intel CEO: 'He Totally Understands Everything'

Jim Cramer on Intel CEO: 'He Totally Understands Everything'

Yahoo14 hours ago
Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer shared his views on. A caller asked Cramer's take on the company and its foundry, and he replied:
'Okay, the foundry was ill-advised. You're right, we need them in the country, but they are not necessarily profitable, and Intel, the previous CEO, was spending far too much on them. We have a new CEO at Intel. The CEO's name is Lip-Bu Tan, and he totally understands everything I just mentioned about foundries. He did make me feel that a turn is not yet at hand; it's still a little too early. If you started buying here, I think you're going to be able to just kind of break even versus so many others, including my favorite NVIDIA.'
Photo by Slejven Djurakovic on Unsplash
Intel (NASDAQ:INTC) develops and supplies computing products, including processors, chips, and hardware solutions for AI, networking, and storage. Moreover, the company provides semiconductor technologies and platforms supporting cloud, edge, and autonomous systems.
While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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