We recently published Jim Cramer Said Allbirds Management Are “Jokers” & Discussed These 18 Stocks. Intel Corporation (NASDAQ:INTC) is one of the stocks discussed by Jim Cramer.
Chip giant Intel Corporation (NASDAQ:INTC)’s shares have performed well recently. They are up by 62% over the past year and gained 55% since the end of March. TD Cowen discussed the firm on April 9th as it raised Intel Corporation (NASDAQ:INTC)’s share price target to $60 from $50 and kept a Hold rating on the shares. The financial firm pointed out that the company could benefit from tailwinds in the coming months as it benefits from its ability to manufacture server CPUs. TD Cowen added that a key factor in Intel Corporation (NASDAQ:INTC)’s ability to benefit depends on the firm being able to manufacture chips with the latest process technologies. The firm also saw significant momentum recently in its shares after it announced a deal with SpaceX for the latter’s Terafab project. Cramer, who has previously extensively praised Intel Corporation (NASDAQ:INTC)’s CEO Lip-Bu Tan, kept his optimism in this appearance as well:
“First Wells Fargo talks about a preview of the server CPU upside. But then this morning, Lip-Bu Tan, the CEO, is on Twitter/X whatever, saying that they got a deal with SpaceX for the Terafab and about how terrific that relationship’s going to be. xAI, Intel, and I hadn’t thought that Intel would be their guy, but he’s managed to get in with Musk too.
“The man is unstoppable, and people have to remember that he started or was involved with 200 different semiconductor companies when most people felt that semis were not our strenght and were willing to give up hegemony to Korea and Japan. Not him. He is just determined for our country, I mean when I spoke with him, it’s for our country. He really is a tremendous believer that we can be the power that we used to be.
“. . .but I will tell you this, the orders are so big for them it’s just a matter of time. Don’t quit if they don’t report. Stay in.”
Intel Corp.’s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website
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