Maybe We Hate Intel (INTC) Too Much, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer talked about.

Chip manufacturing giant Intel Corporation (NASDAQ:INTC)’s shares are up by 79% over the past year and by 10% year-to-date. Over this time period, the firm has managed to secure stability after struggling with manufacturing and sales. The shares have performed well since CEO Lip-Bu Tan took over. Cramer has been a believer in Tan since his appointment. Soon after the new CEO became official, the CNBC TV host asserted that his expertise and experience made him a top choice for the role. DA Davidson discussed Intel Corporation (NASDAQ:INTC) on February 12th. It assigned a Neutral rating and a $45 share price target and remarked that investors will be excited about future developments at the company. The financial firm added that Intel Corporation (NASDAQ:INTC) had embarked on two difficult strategies. These were regaining the lead in the leading-edge manufacturing process industry and simultaneously establishing itself as a leader in the global contract chip manufacturing industry. On both fronts, Intel Corporation (NASDAQ:INTC)  is facing tough competition from Taiwan’s TSMC. In this appearance, Cramer continued to have faith in the firm’s CEO:

“Cadence, this company was saved by Lip-Bu Tan, then he went to the board of Intel. Now he runs Intel, Intel doing incredibly well now since Lip-Bu took over. I thought that last quarter was not nearly as bad as people thought. But this is a key component in the food chain for the hyperscalers. And the fact that they did a great quarter is saying to me, maybe we just hate these companies too much.”

While we acknowledge the potential of INTC as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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