Jim Cramer Says “Once They Cleaned Up the Balance Sheet, Intel Instantly Became a Much Better Story”

“Finally, let’s speech Intel, which has been mode excessively hot… past year’s astir astonishing comeback story. The chipmaker seemed similar it was being eaten live by NVIDIA and AMD. The erstwhile CEO Pat Gelsinger, practically ran it into the crushed with his ambitious plans to physique semiconductor manufacturing facilities…. A batch of radical were disquieted astir this nationalist treasure. But past they brought successful Cramer fave Lip-Bu Tan arsenic CEO, and helium has managed to wrangle a bailout from the national government, which took a astir $9 cardinal stake… Once Uncle Sam got connected board, adjacent NVIDIA made a $5 cardinal concern successful Intel. The stock’s been connected occurrence ever since due to the fact that erstwhile they cleaned up the equilibrium sheet, Intel instantly became a overmuch amended story, and the investors had a overmuch amended bottommost line.

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Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms.

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