10 Stocks on Jim Cramer’s Radar These Days

3. Intel Corp (NASDAQ:INTC)

Number of Hedge Funds 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’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.”