Jim Cramer on Intel: "If You Give Up on It, I Think You're Making a Big Mistake"

Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer shared his take on. Cramer believes that the stock “will be a very hot stock,” as he commented:

Some think that Intel took itself out of the running today after announcing a quarter that was less than expected. That’s wrong. You have to look out. The demand there is insane. I think we haven’t heard the last of this stock, which is up 40% this year. I think CEO Lip-Bu Tan has a lot up his sleeve. Intel will be a very hot stock. If you give up on it, I think you’re making a big mistake.

Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms. Cramer discussed the company as part of his game plan during the episode aired on January 16, as he said:

After close, Intel reports. This stock’s been flying ever since Lip-Bu Tan came in as CEO. Under his leadership, Intel started to reclaim the mantle of America’s best semiconductor manufacturer… Of course, given how competitive that world is, Intel’s actual earnings may not be big enough. After this run, you know what, let’s give this one a rest, okay?

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