Jim Cramer After Taiwan Semi (TSM) US Plans: 'Who The Heck Needs Intel (INTC)?'

We recently published a list of 10 Stocks on Jim Cramer’s Radar These Days. In this article, we are going to take a look at where Intel Corp (NASDAQ:INTC) stands against other stocks on Jim Cramer’s radar.

Jim Cramer in a latest program on CNBC talked about the latest trends in the AI data center industry and said that based on reports from some of the leading companies, there is no  slowdown in demand:

“Now that earning season is well underway, we’ve heard from a bunch of companies connected to the AI data center theme, and you know what? They’ve been putting up pretty darn good numbers. It’s almost like there was never anything wrong with the AI infrastructure story in the first place.”

Cramer then talked about several major AI companies and said that most top firms are seeing strong demand for data centers. He believes Satya Nadella-led tech giant slowed down its AI spend amid its “breakup” with OpenAI.

“Wall Street’s become very skeptical, and I don’t think that’s really changed. But looking at what we’ve seen so far this earning season, I’m feeling much more sanguine about the story, especially if we get some more trade war de-escalation from the White House and stocks stay as cheap as they are. And man, are they ever cheap.”

READ ALSO 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In

For this article, we picked 10 stocks Jim Cramer recently talked about during his shows on CNBC. With each company, we have mentioned its latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Intel Corp (NASDAQ:INTC)

Number of Hedge Fund Investors: 68 Jim Cramer in a latest program said that Intel Corp (NASDAQ:INTC) shares are still expensive and expressed surprise that the stock is not down more. Cramer said Intel can lose its importance following Taiwan Semiconductor (TSM)’s latest investment plans in the US.

“Intel’s now ground zero for the end of government, especially after Taiwan Semi committed $100 billion to build semiconductor foundries here in America. That brings a total of $165 billion. They made a previous commitment. Who the heck needs Intel? I don’t know where it fits in the president’s plans, other than being a poster child for President Trump’s view of President Biden’s legacy.”

Invesco Growth and Income Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its Q3 2024 investor letter:

“Intel Corporation (NASDAQ:INTC): The chipmaker reported weaker-than-expected quarterly results as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward; the stock fell on the news. We sold the position during the quarter.

The chipmaker’s quarterly earnings report was weaker than anticipated as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward. Given that a potential recovery appears to be further in the future than we originally anticipated, we sold the position.”

Overall, INTC ranks 3rd on our list of stocks on Jim Cramer’s radar. While we acknowledge the potential of INTC, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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