Was Jim Cramer Right About These 13 Stocks?

1. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Cramer covered Intel Corporation (NASDAQ:INTC) in relation to the U.S. Chips Act grant that the company received back then. He emphasized Intel’s role in reshoring semiconductor production:

“Today, the government’s awarding an $8.5 billion grant to Intel to support its $100 billion of investments in domestic semiconductor manufacturing. Right now, the United States of America produces zero leading-edge chips domestically. We buy 92% from one company in Taiwan—that is not resilient, that is not safe.”

However, Intel Corporation (NASDAQ:INTC) is the worst performing stock in this list. It has fallen by a staggering 51% since the episode aired.

Jim Cramer did change his opinion recently. He pointed out that many of the company’s expansion plans have been falling apart and the president is furious over the situation. Intel Corporation (NASDAQ:INTC) is in a position where it urgently needs to find a way to reconcile with the administration. This is what he said on the 5^th of March:

“Maybe Trump will help get them a partner to see them through this… I think the stock’s way too expensive here at $20 and change after last night’s speech, just being valued wrong. Talk about being in the crosshairs. Intel’s now ground zero for the end of government largesse, especially after Taiwan Semi committed $100 billion to build semiconductor foundries here in America, and that brings a total of $165 billion, they made a previous commitment. Who the heck needs Intel?”

While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. 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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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