In this article, we will look at Jim Cramer’s 5 Stock Calls: Intel and Micron. Please visit Jim Cramer’s 17 Stock Calls: Applied Materials and CoreWeave, if you’d like to see the extended list and methodology behind it.
5. Intel Corporation (NASDAQ:INTC)
Intel Corporation (NASDAQ:INTC) was among Jim Cramer’s stock calls on Mad Money recently. Cramer called the company’s CEO a “remarkable man,” as he commented:
Next, we got three more non-storage semiconductor stocks. Intel in first place, Intel up 59%. Monolithic Power Systems in seventh place, up 47%. AMD, eighth place, up 42%. The semis are all over this top 10 list, leading the way since the bottom, and Intel’s at the head of the pack. Isn’t that fantastic? Intel was America’s pre-eminent chipmaker for decades and fell on hard times for many years, mostly because of a lack of leadership. But now it’s making a major comeback under new CEO Lip-Bu Tan, who’s a remarkable man. After stabilizing the business, he obtained some major votes of confidence when the U.S. government and NVIDIA both took stakes in Intel last year. Both those parties are now looking at huge, huge gains in just seven or eight months’ time…
This latest run for Intel has been all about the realization that CPUs, not GPUs that NVIDIA makes, CPUs, their bread and butter, have become a key bottleneck for the AI data center buildout. As more companies embrace agentic AI, which does various autonomous tasks, they need more general-purpose computing horsepower. You get that from the central processing units, not the GPUs. And that’s why we also see AMD, the number two CPU producer, making the top 10, along with Monolithic Power Systems, which makes small energy-efficient power management systems in there as well.
For Intel specifically, though, the company’s reporting on Thursday night, and we’re torn on this one. On the one hand, the stock’s up so much we worry that there’s nothing the company says to justify its move. Remember what happened the last quarter? That’s what occurred. On the other hand, though, we think Intel’s move has happened so fast that many analysts and investors have missed it. They might be itching to get into the stock, especially if it retreats in reaction to a good result. I am surprised they didn’t come in today when it was down a couple.
Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms.
4. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc. (NASDAQ:MU) was among Jim Cramer’s stock calls on Mad Money recently. Cramer highlighted the company’s stock price action during the year, as he stated:
What we’re measuring is what was up the most since the close on March 30th. That was the day that the broader market bottomed until the close last Friday. And when we look at the top 10 performers in the S&P 500 over that period, what we find is not just tech, but more specifically, a whole lot of data center play tech. Why don’t we start with memory and data storage… Sandisk, Seagate, Western Digital, and Micron, those were the second, fourth, sixth, and 10th best performers in the S&P since the bottom. After soaring last year and soaring again in January, these stocks didn’t even really pull back in February and March. They mostly just traded sideways.
As of Friday’s close, Sandisk was up 61% before the bottom, Seagate up 51%, Western Digital up 48%, and Micron up 41%. It’s getting to the point where I don’t even know what to say about these storage company stocks… The move started out legit, okay, unfolding as investors realized that the hardware for AI requires lots more memory than anyone thought, except for Jensen Huang, and there simply wasn’t enough to go around. It could take years to build enough production capacity to solve this shortage. So I recognize why people keep buying these stocks.
That said, I’m a little wary of what happened when Micron reported last month. They delivered a really strong quarter. It was, nevertheless, a negative catalyst for the stock because it came in too hot. Micron’s mostly recovered since then, but it still hasn’t taken out its mid-March high. As always with the memory plays, you got to keep one eye on the exit because this is and can be a boom-bust industry. You don’t want to be left holding the bag. But for now, this group is very much still working because there just isn’t a lot of supply coming on, and the demand is the strongest I’ve ever seen. And when I say coming on, I mean over the next 18 months, I don’t see any supply coming on of any substance.
Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.
3. Berkshire Hathaway Inc. (NYSE:BRK-B)
Berkshire Hathaway Inc. (NYSE:BRK-B) was among Jim Cramer’s stock calls on Mad Money recently. Noting that the stock has underperformed the S&P 500 by about 45% over the last 12 months, a caller asked whether they should still own it. In response, Cramer said:
Yes, look, I read the Greg Abel articles, and I think he’s a man who really understands a great deal about what has to be done. I think he has a very strong hand, and I love the assets. I think the assets that were put together by him and by Warren Buffett are second to none. And I think that to leave the stock now is a big mistake.
Berkshire Hathaway Inc. (NYSE:BRK-B) is a conglomerate that operates a diverse range of businesses, including insurance, freight rail, utilities, manufacturing, retail, and consumer products. The company also provides construction materials, aerospace and industrial components, energy services, and financial and logistics solutions. During the March 27 episode, a caller questioned whether philanthropic stock sales might negatively impact the share price and asked Cramer whether the stock was a buy, sell, or hold. The Mad Money host replied:
Wow, you know what? You actually hit on something pretty interesting there. Here’s how I feel about it. I think you have to wait a year. We can’t make a judgment yet. We gotta see what, this is a long-term company, and long-term means at least one year before we make a judgment. So I would hold on to it for a year. I do hope that they continue to be open-minded about what they own so we can make better judgments.
2. General Mills, Inc. (NYSE:GIS)
General Mills, Inc. (NYSE:GIS) was among Jim Cramer’s stock calls on Mad Money recently. A caller asked whether the company can reaccelerate its organic growth or if performance will remain stagnant, and will rely on price increases and the pet food segment, “while core categories remain flat or declining.” Cramer replied:
Okay, Mills doesn’t want to hear this, Jeff Harmening doesn’t want to hear this, but they gotta combine. A lot of these companies just have to combine, and maybe with this administration, they could because they have to start playing offense, and they can’t right now because there’s too many negatives in the food group. Unless it’s just going to be a group that goes down for years and years and years, they have to do some combinations, and they gotta do them now.
General Mills, Inc. (NYSE:GIS) provides branded foods, including cereals, snacks, meals, baking products, frozen items, ice cream, and pet food. A caller asked for Cramer’s long-term opinion on the stock during the April 8 episode, and he replied:
You know, I was talking with the team earlier about, I was talking to Jeff Marks about, that I saw Smucker, SJM, report a good quarter, and it went up for about a minute, and then it just got crushed. I can’t recommend the stock of General Mills, 6.67% yield, it does not stop the decline. I’m going to have to say no. I don’t have a reason to recommend General Mills, so I’m just going to have to say pass. Pass, wow.
1. Cleveland-Cliffs Inc. (NYSE:CLF)
Cleveland-Cliffs Inc. (NYSE:CLF) was among Jim Cramer’s stock calls on Mad Money recently. Cramer mentioned the stock during the episode and remarked:
One major company reported Cleveland-Cliffs, big steel company, big time steel. It saw its stock dip 2% in response to its earnings, but the results were better than the share price would suggest. As CEO Lourenco Goncalves said on his conference call, “Our order book is full, and the automotive original equipment manufacturers are booking more and more steel from Cliffs.” Then he called pricing strength visible and said production schedules are tight, and lead times have moved out. He went on to say, “That combination, strong backlogs, disciplined production, and visibility, is what a healthy steel market looks like.” Now, some may …might say that the President, with his tariffs… jacked up the price of steel, but that would be wrong. It leaves out a key detail. The price of hot-rolled steel, major grade that’s used in autos that Cleveland-Cliffs dominates, is unchanged in the last 5 years, unchanged. Why do we care about Cleveland-Cliffs? Because it’s emblematic of the broader manufacturing economy, and we don’t want that to falter. We want the Fed to cut rates to help the consumer, but we don’t want to see a decline in a key building block of construction before that happens.
Cleveland-Cliffs Inc. (NYSE:CLF) produces flat-rolled and specialty steel products, including stainless, electrical, and tubular steels, as well as iron ore and hot-briquetted iron.
While we acknowledge the potential of CLF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLF and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
