Jim Cramer’s Bold Predictions About These 15 AI Stocks

12. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders In Q3 2024: 68

Date of Cramer’s Comments: 08-12-24

Performance Since Then: -0.83%

Intel Corporation (NASDAQ:INTC) is the world’s largest integrated chip manufacturer. While its business model of designing and manufacturing chips provides it with a clear advantage in the industry, Intel Corporation (NASDAQ:INTC) has struggled in 2024. The firm’s AI chips have failed to compete with NVIDIA’s offerings, and sluggishness in the personal computing market has hit its revenues right when it’s investing in retaking the chip manufacturing process technology lead from Taiwan’s TSMC. Intel Corporation (NASDAQ:INTC)’s shares are down 57.5% year-to-date, and it’s exiting 2024 with more turmoil in the form of former CEO Patrick Gelsinger’s surprising exit. Cramer started out his comments about Intel Corporation (NASDAQ:INTC) with sarcasm and then pointed out its troubles:

“Intel’s fine. Better than ever. Don’t worry about it. I keep hearing that Intel’s gonna make a huge comeback that is catching up the others in the data center. That the data center has an Nvidia killer in GE-3. That it’s using the chips to sack money from you and further it’s dominance. DREAM ON! Have you seen Intel’s balance sheet? Can you read one? Do you think a company that cut his dividend last year and then suspends what was left of it this year in order to assert its dominance?! Look, this is not the Intel of old even though we want it to be. Despite Intel’s protestations, I wouldn’t want to be Intel’s partner.”