Jim Cramer on Intel CEO: “He Totally Understands Everything”

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.”

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 risk and potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTC and that has 10,000% upside potential, check out our report about this cheapest 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.