Jim Cramer Says “Intel Can’t Be Allowed to Fail”

Intel Corporation (NASDAQ:INTC) is one of the stocks on Jim Cramer’s radar recently. Cramer commented on the company’s position in the AI era and remarked:

“Intel, a once great semiconductor company that’s been left behind by the AI revolution, needs money to get back in the game. Does it turn to a bank? No. It’s said to be turning to a company, much better than a bank. It’s turning to Apple. Now it’s not clear at all whether this is really happening. I want people to take a breath here because you know there’s been no confirmation from either side, and I’ve been working to try to confirm it for about 48 hours. But it’s natural to think that a distressed tech company like Intel would be seeking funds from Apple… No matter what, Intel can’t be allowed to fail.”

Ken Wolter / Shutterstock.com

Intel Corporation (NASDAQ:INTC) designs and manufactures semiconductor products, including CPUs, GPUs, SoCs, FPGAs, memory, storage, and networking solutions, alongside software and optimization tools for AI, security, and diverse compute environments.

While we acknowledge the risk and potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.