Jim Cramer Recently Put These 10 Stocks Under Spotlight

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

When a caller mentioned that Intel Corporation (NASDAQ:INTC) could be an interesting turnaround story and highlighted that 70% of the company’s chip foundry business takes place within the US, Cramer said:

“Lip-Bu Tan is real. Now he can’t turn it around instantly because the balance sheet’s not good, but my money is indeed on Intel. Hey, by the way,  AMD’s starting to get a couple contracts there, but Lip-Bu Tan is an amazing man. He’s an incredible CEO and he will do incredible things. And those who know me know that I have been quick to criticize Intel’s CEOs who I didn’t think were up to this. This man is up to it.”

Intel (NASDAQ:INTC) designs and manufactures computing products, including processors, memory, and AI solutions.