We recently published Jim Cramer’s 12 Fresh Stocks & Quantum Computing Trading Strategy. Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer recently discussed.
Cramer discussed chipmaker Intel Corporation (NASDAQ:INTC) in detail after the firm’s earnings. His comments focused on the firm’s CEO, Lip-Bu Tan, as the CNBC TV host believes that Tan can spearhead a massive turnaround at the firm:
“[On being up sharply in premarket and Melius’ report] Oh I know and I’ve got that piece. When I met with Lip-Bu Tan, I just said you know what, that was why I was so aggrieved when some senator said he was not American. The guy is, the guy is fantastic. And he told me what he was going to do and how quickly he could rebuild the destruction of Pat Gelsinger. Not mentioning Gelsinger’s name because he’s too much of a gentleman. He’s done everything. He’s done everything. He’s gotten the government. He fixed the balance sheet which is really important. He’s got really, I’ll tell you, he’s got a great lineup, it turns out products are completely red hot, we’re supply constrained with everything involving the PC. And the server and I just think that people don’t realize that this guy has already put his imprint.
“You know who really was the bigger winner in this. His close friend Jensen Huang. Because Jensen bought five billion dollars worth, it struck at 23 dollars. And Jensen is just, you know I once heard Jensen talk about Lip-Bu, that’s how I got on the Lip-Bu train. I was on the Lip-Bu love train because I heard Jensen speak about him in 2022.
“Under Andy Grove, the margins, they flirted with 69-70, that was always the level. You get to that level. . .they’ll get back to where Andy Grove is. Lip-Bu is real, I mean he has got [inaudible] buy it. Pat Gelsinger was messianic. Lip-Bu is about making a lot of money. . .I’m worried about the Foundry, because the Foundry’s something he’s stuck with. . .he’ll figure it out. I don’t people don’t realize, one person can make a great deal of business. He reminds me of a throwback to the way Intel used to be. Which is that everybody knew that they were the smartest and the best.
“Well look, think about what’s going right for them. Renewed growth for traditional overall cloud to edge computing. They are now five years past the COVID pull forward, which was devastating for the PC industry. Not anymore. Refresh of a larger base, Windows 11. Build out of the AI infrastructure driving big CPU demand. Head nodes, inference, orchestration layers, incremental demand holy cow, enterprise, sovereign clouds, private networks, this is all Lip-Bu playing right into what’s really the supply problem.”
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Disclosure: None. This article is originally published at Insider Monkey.
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