Did Jim Cramer Nail or Miss These 14 Stocks?

12. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC) is a global leader in semiconductor manufacturing, known for its CPUs and data centre products. Cramer discussed Intel as a potential turnaround candidate back then after being one of the year’s losers:

“Intel could really rally simply thanks to easy comparisons versus last year. […] Pat Gelsinger has demonstrated flashes of brilliance. […] All Pat has to do is say that margins are going to get better, and that’ll do it.”

Intel Corporation (NASDAQ:INTC) has faced a lot of troubles over the past year, having dropped 45.60% since that episode. That is the worst performer in this list.

In his recent remarks, Cramer maintained his optimism on Intel and how the company’s new CEO could help turn things around:

“Oh I love him. This guy is serious, serious guy. Now look, Intel’s got its own problems. They’re very, very tough. Because it did miss whole eras of chips. But Lip-Bu Tan, I urge everyone to go watch the YouTube video when he gets the Robert Noyce award. This is in 2022. He explains what he’s going to do and where he is. He saved Cadence. Took it from one billion to 48 billion. So 48 bagger. And he is remarkable. And smart. And he’s gonna really make them go faster. He was a great venture capitalist, a great businessperson. And he saw generative AI coming because this is from 2022. I really like him. He’s got a lot of work to do but I no longer feel you need to sell Intel. And I’ve been saying to sell Intel since Lisa Su told me sell Intel.”