1. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders In Q3 2024: 68
Intel Corporation (NASDAQ:INTC) is the beleaguered American chip manufacturing giant whose shares lost 59.60% in 2024 due to dropping PC chip sales, management turmoil, a dividend suspension, and contract manufacturing troubles. 2025 hasn’t been kind to the stock either as it has lost 3.91% year-to-date. Intel Corporation (NASDAQ:INTC) has a lot riding on its 18A chip process and contract manufacturing business. Disappointments on either front could further damage the stock. Cramer, who has long been a bear, was surprised by Intel Corporation (NASDAQ:INTC)’s latest earnings report:
“Intel reported last night. I felt the cash flow was very good, better than I expected. The first quarter is historically not a great quarter for Intel, it will not be a great quarter. But I think that they are trying to stabilize the ship by talking about how they have enough cash to be able to go through. . .there was no messianic message about Intel, it was more of like listen we’re going to get through this . . . it was refreshing. Don’t expect the stock to go up. But perhaps the trajectory will not be just straight down.”
INTC is a stock Jim Cramer recently talked about. While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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