Jim Cramer Reveals Details Of Trump’s Tariff Negotiations & Discusses 10 Stocks

8. Intel Corp (NASDAQ:INTC)

Number of Hedge Fund Holders In Q4 2024: 83

Intel Corp (NASDAQ:INTC) is the largest integrated chip manufacturer in the world. It is also one of the most struggling firms in the technology industry after having lost data center market share to AMD and chip manufacturing led to Taiwan’s TSMC. Intel Corp (NASDAQ:INTC) is currently in the early stages of another turnaround effort, this time by the firm’s CEO Lip-Bu Tan. In his previous remarks, Cramer has praised the new CEO. He kept the tone again and shared what he thinks Tan might do:

“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 speech, 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.”

“He is fixing the balance sheet. He’s so smart. He says listen Jim we’re gonna fix the balance sheet. So don’t get ahead of me, they’re going to fix the balance sheet. . . Engineers were not even in the, do you know engineers weren’t even in the top? . . in the management committee, there were no engineers. Can you imagine that?”