Jim Cramer Recently Commented on These 12 Stocks

6. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 82

Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer recently commented on. A caller inquired if it is too late to get into the stock or if it is still a buy. In response, Cramer said:

“It’s too late. Money’s been made. Let’s just be very careful. The stock’s had a gigantic move. There are many people who say that there’s still so much work to do. You’re going up against some very big companies. It’s been a huge run. Lip-Bu Tan has done a terrific job. If I were him, I would raise as much money as possible because there was still so much damage to that balance sheet. The problems aren’t over yet.”

Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms. Cramer praised the company’s CEO during the October 1 episode, as he stated:

“Then there’s an amazing comeback story in the list, and it’s the story of Intel. Here’s a company where fortunes are changing on the fly, thanks to a phenomenal new CEO, Lip-Bu Tan. He’s a legendary semiconductor investor and the man who turned around the wayward Cadence Design Systems. Under his reign, the stock appreciated some 3,200% over a 13-year period. When he came in, he realized that Intel was even worse off than anyone thought.

So what did he do? He did the right thing. He decided first to fix the balance sheet, managed to wrangle $8.9 billion from the federal government in return for a 10% stake. He also raised $2 billion from SoftBank and $5 billion from NVIDIA, where Jensen Huang is an old friend. He saw real potential despite the fact that at one point, well, Intel tried to put NVIDIA out of business. Even as the fruits of all this money are so elusive, the stock still rallied almost 50% last quarter.”