Jim Cramer on Intel’s CEO: “He’s Monster Good”

Intel Corporation (NASDAQ:INTC) is one of the 25 stocks Jim Cramer recently shared insights on. A caller asked for Cramer’s take on the company, and in response, he commented:

“Okay, you know, this is an absolutely great question because, you know, I used to be an Intel hawk, and then I told everyone to sell it for about 40 points. It was a great call by me. This Lip-Bu Tan, who took over, he’s monster good, but I think even he is going to have to take another six months to a year before he can turn it around. If you are willing to wait that long, I bless it. But that’s not what I think you should do.”

A technician soldering components for a semiconductor board.

Intel Corporation (NASDAQ:INTC) develops and sells a wide range of computing products and technologies, including processors, GPUs, AI and networking solutions, memory, and advanced chip design tools. During an episode aired in April, Cramer made some positive comments about the company’s new CEO as he said:

“Okay, right now it’s dead money, but Lip-Bu Tan is the real deal. If you wanted to buy some, I’m not going to fight you, but I will tell you that they need to raise money before they can rally. But if you think the stock’s going to be this low two years from now, I think you’re making a mistake. I believe in Lip-Bu Tan. He is [the] real deal.”

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