Was Jim Cramer Right About These 13 Stocks?

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1. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Cramer had mixed views on Intel Corporation (NASDAQ:INTC) back then. Here’s what he said about the company at the time:

“The U.S. government is writing a check to Intel for $8.5 billion, extending an $11 billion loan to build out semiconductor plants here in America. You’re probably thinking ‘boondoggle,’ but I say that is actually all wrong. […] I know Intel can get the job done—it seems to be a fine choice to me, even as I don’t like the stock.”

Intel Corporation (NASDAQ:INTC) has been one of the worst performers of the S&P 500 index over the past year. It has dropped by 43.36% in the last 12 months.

The company was mentioned during the latest episode of Mad Money on the 13th of March and here’s what Jim Cramer had to say about it:

“How about this one? The last guys who were doing this job gave Intel a lot of money and boy was I angry. I am still steamed about it, but I see they picked Lip-Bu Tan as CEO and I am hearing the guy is dynamite. Intel’s a national treasure. This could be GREAT NEWS.’”

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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