Jim Cramer Reveals Why Intel’s (INTC) CEO’s a Winner

We recently published Jim Cramer Discussed AI “Mojo” & Commented On These 13 Stocks. Intel Corporation (NASDAQ:INTC) is one of the stocks discussed by Jim Cramer.

Jim Cramer frequently discusses chip manufacturing giant Intel Corporation (NASDAQ:INTC). He regularly praises the firm’s CEO Lip-Bu Tan, and has commended the executive’s success in turning around the firm’s business. Tan’s success is reflected in Intel Corporation (NASDAQ:INTC)’s shares, as they are up by 259% over the past year and by 72% year-to-date. Benchmark discussed the firm on April 10th as it raised the share price target to $76 from $57 and kept a Buy rating on the shares. One factor that the financial firm discussed in its coverage was Intel Corporation (NASDAQ:INTC)’s recent partnership with Google related to next-generation AI computing infrastructure. Along with its partnership with Google, the firm has also teamed up with Elon Musk’s SpaceX for the Terafab project. In this appearance, Cramer continued praising Intel Corporation (NASDAQ:INTC)’s CEO and his industry experience:

“Intel’s an [inaudible] growth stock in the market.”

“When I was saying shortage, shortage, shortage, get out, get out, get out, not sure, I mean just get out. It got to 21 to get Lip-Bu, and Ben and I were talking about being a national treasure. And we weren’t going to let a national treasure go under, obviously the President heard us and put money with them. Could be. But whatever, they pivoted to packaging, which is something Lip-Bu was the best at. You can look at Cadence, and he saved Cadence. It’s a particular kind of packaging, and that is, in one year he pivoted.”

Jim Cramer Reveals Why Intel's (INTC) CEO's a Winner

Intel Corp.’s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website

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