Jim Cramer Recently Discussed These 9 Stocks

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

A caller asked if it was worth getting into Intel Corporation (NASDAQ:INTC) or if it is dead money. Cramer replied:

“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.”

Intel (NASDAQ:INTC) develops and manufactures computing technologies that include processors, memory, and AI products. Cramer commented extensively on the company on Squawk on the Street in April, as he said:

[INTC] “I know. And you could talk about Intel, when it comes to that, also OpEx. Intel being a great manufacturer that is in no mood to be able to expand. Wow… I think people should read his [CEO’s] band of brothers speech about who is going to get there. It’s a very King Henry the Vth speeth, Christmas Day. I thought it was very inspirational. But they still have layers upon layers. I mean they’re now saying 17 billion in 25 and 16 billion that’s . . their OpEx, and they’ve cut their OpEx. I think that they have, I cannot believe the bureaucracy, Carl that Intel had, it’s just, it’s sad. I can’t believe how much bureaucracy and how engineers lost their ability to run the best engineering company we had in this country.

… Oh my, such a great speech and I was telling one of my contacts there I said listen I’m ready to go to war for Lip-Bu. You just say, he is gonna save this company… [On whether it was too late to save INTC] No, and this man has so may friends. . .he’s been success with. . maybe the most successful individual investor in hardware in history. Hardware, not enterprise software.

… And he’s so inspirational, in his own quiet way, and he knows so many people, he’s gonna fix this company but he would tell you, don’t count on me yet… I’m telling you, you want to win for this man. . . .He’s Andy Reed, quiet winner. I really like this guy… Well, Gelsinger was messianic, without a cause. . . .See, Pat was about himself. And this man has no ego whatsoever. He is about the team. And I have to tell you that this man is going to save this company and what he’s going to do, is not talk about it. Other than negative until it’s ready.”