Intel Corporation (INTC): I Don't Know If The Balance Sheet Is Sustainable, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Blasted China’s Hostility Towards The US. Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer recently discussed.

Intel Corporation (NASDAQ:INTC) just can’t catch a break in 2025. Its shares sank by a whopping 8.5% after the latest earnings report as the firm spooked investors by warning that it might have to stop developing its next-generation 14A chip manufacturing technology and incur significant write-offs. While Cramer has faith in Intel Corporation (NASDAQ:INTC) CEO Lip-Bu Tan, he has been less happy with his successor, Patrick Gelsinger. The CNBC TV host has repeatedly criticized the former Biden administration for providing Intel Corporation (NASDAQ:INTC) with funds despite his warnings about the firm’s poor balance sheet. He reiterated his sentiment about the Gelsinger era this time as well:

“Gelsinger tried to build things in here with government money and he lost 18 billion and now we got a balance sheet that I don’t even know can sustain what’s going on.”

Previously, Cramer discussed Intel Corporation (NASDAQ:INTC)’s foundry business and its CEO, Lip-Bu Tan:

“Okay, the foundry was ill-advised. You’re right, we need them in the country, but they are not necessarily profitable, and Intel, the previous CEO, was spending far too much on them. We have a new CEO at Intel. The CEO’s name is Lip-Bu Tan, and he totally understands everything I just mentioned about foundries. He did make me feel that a turn is not yet at hand; it’s still a little too early. If you started buying here, I think you’re going to be able to just kind of break even versus so many others, including my favorite NVIDIA.”

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