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Jim Cramer Commented On Big Market Confusion & Discussed These 20 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 are up by a whopping 383% over the past year and by 152% year-to-date. Barclays discussed Intel Corporation (NASDAQ:INTC)’s shares on April 27th. It raised the price target to $65 from $45 and kept an Equal Weight rating on the stock. The coverage came following the chip manufacturer’s earnings report as the bank commented that Intel Corporation (NASDAQ:INTC) had improved production across the board. On the 24th, banking giant JPMorgan discussed the stock. It raised the share price target to $45 from $35 and kept an Underweight rating on the shares. JPMorgan remarked that Intel Corporation (NASDAQ:INTC) first-quarter earnings and second-quarter guidance had surpassed estimates. Cramer, who has been quite impressed with the firm’s CEO, Lip-Bu Tan, continued with the praise and had some advice for President Trump:
“Hidden story right in here, is a stock, that is probably the best acting stock in our book, which is, Intel.
“[On Trump’s Intel comment] Good call!
“And remember, NVIDIA has a partnership with Intel, that didn’t hurt Intel.
“Remember Lip-Bu quit the board because he didn’t like what was happening which is the destruction of a national treasure. Well, the fact is is that that stock’s down today and I think you have to buy it. . .President got it at a great price.
“I think they should sell it right now. I think, you sell half, play with the house’s money. He should sell half and play with the house’s money. I’m telling him right right now, sell half.
“If the President does my thing and takes half, it would demonstrate to people not to be greedy. . .”
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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