10 Stocks Jim Cramer Talked About

5. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holdings: 81

Chip manufacturing giant Intel Corporation (NASDAQ:INTC)’s shares are up by 79% over the past year and by 10% year-to-date. Over this time period, the firm has managed to secure stability after struggling with manufacturing and sales. The shares have performed well since CEO Lip-Bu Tan took over. Cramer has been a believer in Tan since his appointment. Soon after the new CEO became official, the CNBC TV host asserted that his expertise and experience made him a top choice for the role. DA Davidson discussed Intel Corporation (NASDAQ:INTC) on February 12th. It assigned a Neutral rating and a $45 share price target and remarked that investors will be excited about future developments at the company. The financial firm added that Intel Corporation (NASDAQ:INTC) had embarked on two difficult strategies. These were regaining the lead in the leading-edge manufacturing process industry and simultaneously establishing itself as a leader in the global contract chip manufacturing industry. On both fronts, Intel Corporation (NASDAQ:INTC)  is facing tough competition from Taiwan’s TSMC. In this appearance, Cramer continued to have faith in the firm’s CEO:

“Cadence, this company was saved by Lip-Bu Tan, then he went to the board of Intel. Now he runs Intel, Intel doing incredibly well now since Lip-Bu took over. I thought that last quarter was not nearly as bad as people thought. But this is a key component in the food chain for the hyperscalers. And the fact that they did a great quarter is saying to me, maybe we just hate these companies too much.”