Jim Cramer on Intel CEO: “He Totally Understands Everything”

Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer shared his views on. A caller asked Cramer’s take on the company and its foundry, and he replied:

“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.”

Photo by Slejven Djurakovic on Unsplash

Intel (NASDAQ:INTC) develops and supplies computing products, including processors, chips, and hardware solutions for AI, networking, and storage. Moreover, the company provides semiconductor technologies and platforms supporting cloud, edge, and autonomous systems.