Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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12. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders In Q3 2024: 66

Intel Corporation (NASDAQ:INTC) is the beleaguered American chip giant whose shares have lost a whopping 58.6% over the past year. The firm’s inability to capture the AI market and its struggles in the personal computing market has dented its revenue. These troubles have led to rivals such as Taiwan’s TSMC and chip designer AMD gaining a share in markets such as global chip manufacturing and consumer and enterprise computing CPUs. Cramer believes that it is necessary to help Intel Corporation (NASDAQ:INTC) navigate through its troubles:

“Intel by the way must be preserved. We need to think about Intel as a national treasure with a really bad balance sheet.”

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