Jim Cramer Discussed These 18 Stocks After Major AI Event

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5. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders In Q3 2024: 68

Intel Corporation (NASDAQ:INTC) is a well-known chip manufacturer that has been in the news for all the wrong reasons. Its shares are down by 59% over the past year as the firm has battled with rising costs, sluggish demand in the personal computing market, competition from rivals such as AMD, and the loss of process technology leadership to AMD. Investors are now wondering whether Intel Corporation (NASDAQ:INTC) will split its chip design and manufacturing businesses to help stabilize the balance sheet. Cramer was surprised that Intel Corporation (NASDAQ:INTC)’s shares were rising, and he also commented on the firm’s financials:

“[On Intel being up 1.5%] Can you repeat that?! What were you saying about Intel?

“Have you looked at that balance sheet of Intel? That’s a suboptimal balance sheet.”

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