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Jim Cramer on Intel CEO: “He Totally Understands Everything”

Daniel Nenni

Daniel Nenni

Admin
Staff member
Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer shared his views on. A caller asked Cramer’s take on the company and its foundry, and he replied:

“Okay, the foundry was ill-advised. You’re right, we need them in the country, but they are not necessarily profitable, and Intel, the previous CEO, was spending far too much on them. We have a new CEO at Intel. The CEO’s name is Lip-Bu Tan, and he totally understands everything I just mentioned about foundries. He did make me feel that a turn is not yet at hand; it’s still a little too early. If you started buying here, I think you’re going to be able to just kind of break even versus so many others, including my favorite NVIDIA.”
Click to expand...

Jim Cramer on Intel CEO: "He Totally Understands Everything"

Photo by Slejven Djurakovic on Unsplash

Intel (NASDAQ:INTC) develops and supplies computing products, including processors, chips, and hardware solutions for AI, networking, and storage. Moreover, the company provides semiconductor technologies and platforms supporting cloud, edge, and autonomous systems.

 
Xebec said:
For those who may not get the reference, here's doing the exact opposite of what Jim Cramer recommends vs the S&P 500:

(EDIT: This is why I'm confused if both Jim Cramer and Daniel Nenni are saying good things about LBT :) ).

View attachment 3424
Click to expand...
Hmm. I wonder how is the inverse Cramer portfolio is created. Is it equally weighted , value weighted ? And any rebalancing or recycling of funds since Cramer keep recommending new stuff along the way.
 
Xebec said:
For those who may not get the reference, here's doing the exact opposite of what Jim Cramer recommends vs the S&P 500:

(EDIT: This is why I'm confused if both Jim Cramer and Daniel Nenni are saying good things about LBT :) ).
Click to expand...

As much as I like LBT, no way am I buying Intel stock above $10. :ROFLMAO:

Lip-Bu bought $25M of Intel shares at $24 per share so he has over 1M shares plus whatever stock options so he has a vested interest in Intel succeeding.
 
Daniel Nenni said:
As much as I like LBT, no way am I buying Intel stock above $10. :ROFLMAO:

Lip-Bu bought $25M of Intel shares at $24 per share so he has over 1M shares plus whatever stock options so he has a vested interest in Intel succeeding.
Click to expand...
Does this make sense ? INTC at around $20 today and most of the bad news is surely already priced in. If you believe in the LBT turnaround story, how's the stock going down 100% before that kicks in ? Convesrsely, if it goes down to $10, doesn't that imply the turnaround strategy as currently envisaged isn't going to work ?

This isn't an investment forun and certainly no one should take any investment advice from me. But if INTC goes below $15, this likely means either there's a significant market correction downwards (entirely possible) or that the INTC turnaround strategy needs another revision,
 
tooLongInEDA said:
Does this make sense ? INTC at around $20 today and most of the bad news is surely already priced in. If you believe in the LBT turnaround story, how's the stock going down 100% before that kicks in ? Convesrsely, if it goes down to $10, doesn't that imply the turnaround strategy as currently envisaged isn't going to work ?

This isn't an investment forun and certainly no one should take any investment advice from me. But if INTC goes below $15, this likely means either there's a significant market correction downwards (entirely possible) or that the INTC turnaround strategy needs another revision,
Click to expand...

I was kidding:

How Intel Stock Falls to $10

"Intel stock (NASDAQ:INTC) has barely moved this year, up just 2%, as the company continues to struggle with shrinking relevance in its core CPU market and underwhelming progress in its foundry ambitions, despite investing over $50 billion in the space. Revenue has collapsed from $79 billion in...
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