Jim Cramer Discusses These 9 Stocks & US AI GPU Advantages

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders In Q3 2024: 68

Intel Corporation (NASDAQ:INTC) is a well-known chip manufacturer currently racing to regain advanced process technology leadership and streamline its balance sheet. The firm’s shares lost 59.6% in 2024 after a slow PC market dented its income statement. The financial troubles led to Intel Corporation (NASDAQ:INTC) CEO Patrick Gelsinger’s surprising departure as well. Now, the stock’s narrative is focused on its leading-edge 18A chip process and the state of operations at its chipmaking division. Cramer’s remarks for Intel Corporation (NASDAQ:INTC) surrounded its CPU industry problems:

“They [AMD] are doing very well versus Intel on the less expensive CPUs.”

“Intel doing worse, but they’re CPUs. And it’s a product glitch so to speak.”