Jim Cramer Sounds the Alarm on China Rhetoric and Dollar Panic Then Analyzes 11 Key Stocks

5. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund holders: 83

Jim Cramer gave his input on Intel Corporation (NASDAQ:INTC) following the company’s decision to sell a majority stake in Altera, a business it acquired in 2015. While critical of Intel’s past management, Cramer expressed trust in current leadership’s focus on fixing the balance sheet and revitalizing the company. Here’s his exact view:

“Well, Lip-Bu Tan, who’s the new CEO, whom I totally believe in, an unbelievable venture capitalist, who understands semis, did resign from the board last year, has told me, look, we have to fix it. Don’t get ahead of us, Jim. We have to fix the balance sheet. And you know what? That’s what he’s doing. Altera was something that, frankly, was a good company before Intel decided to drive it to the ground. I choose my words carefully. Because I didn’t say blast the kingdom come. And I think that what’s a shame is, is that it was a great American company. And then, see you later.”