Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders In Q3 2024: 68

Intel Corporation (NASDAQ:INTC) is the world’s largest integrated chip manufacturer which designs and manufactures its chips. However, while prestigious, this business model also comes with high operating costs due to the need to operate and maintain expensive foundries. These costs have been at the core of Intel Corporation (NASDAQ:INTC)’s narrative in 2024 as a PC market slowdown has hurt the company’s income statement. Simultaneously, its inability to capitalize on the AI market hasn’t won Intel Corporation (NASDAQ:INTC) any fans. With former CEO Pat Gelsinger out, here’s what Cramer shared:

“I mean it’s an existential lawsuit. I mean, DOJ I think has had it with the company. They’re gonna make that to use an example. That company’s balance sheet, Intel’s balance sheet, is something that looks like a nightmare. Intel’s balance sheet is a nightmare. Why aren’t we seeing cash flow?

“CVS has a huge amount of debt. Intel has a huge amount of debt. Their cash flows are challenged, both companies.

“Balance sheet says no, that it can’t be [THE SAME COMPANY A YEAR FROM NOW] I do know that President-elect Trump could use that an example of why we shouldn’t have government choosing favors. And I didn’t want that, I told Secretary Raimondo over and over again, I said these balance sheet is no good. Gelsinger’s no good.

“We can’t rely on Taiwan Semi. No we cannot. But Gelsinger, uh, was uh, he believed in alchemy.”