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Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. Intel Corporation (NASDAQ:INTC) is one of the stocks discussed by Jim Cramer.
Chip manufacturing giant Intel Corporation (NASDAQ:INTC)’s shares have been on a tear lately. They closed an unbelievable 23% higher on Friday after the firm reported its first quarter earnings after Thursday’s market close. The results saw Intel Corporation (NASDAQ:INTC) post $13.58 billion in revenue and $0.29 in earnings per share. While the revenue beat was impressive, as analysts had penciled in $12.42 billion, the earnings beat was heftier as the estimates were a modest $0.01. The strong report and the subsequent stock performance proved Cramer right. The CNBC TV host has praised Intel Corporation (NASDAQ:INTC)’s CEO Lip-Bu Tan for more than a year now, and ahead of the earnings, he advised viewers to buy the shares on the 16th:
“Very disappointing reaction. But David, it’s all about, TSMC, what they said, Taiwan Semi, was that Vera Rubin which is the latest of NVIDIA, needs a lot of CPUs. And that was the clarion call to go buy Intel, which I still think is a buy and go buy AMD which hit an all time high yesterday.”
Photo by Slejven Djurakovic on Unsplash
While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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