Jim Cramer highlights Apple’s Massive Resources

Apple Inc. (NASDAQ:AAPL) is one of the stocks on Jim Cramer’s radar recently. Cramer commented on the company’s resources and said:

“Yes, Apple’s just that rich, and it’s committed to investing $600 billion in the United States. So why wouldn’t some of that go to Intel if it asked? Heck, Apple could, it could sub for the US government and help pay for all that pie-in-the-sky stuff that former CEO Pat Gelsinger wanted to do with the CHIPS Act subsidies. Apple could build the foundries that Intel wanted to put up, hoping customers would follow.

Okay, so let me step back for a second. That is not Apple’s area of expertise. I find all of that to be fanciful. But if it could find a way to use Intel’s chips or Intel’s foundry, oh, I don’t know, it might be worth it in some way, shape, or form. Plus, most important, this would just be an asterisk when it comes to Apple’s balance sheet. I’m not even sure it would count as a rounding error.”

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Apple Inc. (NASDAQ:AAPL) designs and sells iPhone, Mac, iPad, wearables, and accessories, alongside cloud services, support programs, and digital platforms such as the App Store. Moreover, the company provides subscription services including Apple Music, Apple TV+, Apple Arcade, Apple Fitness+, and Apple News+, as well as payment solutions like Apple Pay and Apple Card.

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Disclosure: None. This article is originally published at Insider Monkey.