Intel Corporation (NASDAQ:INTC) was among the stocks on Jim Cramer’s radar on Mad Money, as he advised investors to care about where a stock is going, not where it has been.
Cramer called it his “new favorite stock in this market,” as he commented: Many of the Fed officials want to raise rates because, from their perspective, the economy’s running too hot… And that news, which came out at 2:00 PM, immediately caused the market to roll over, which is when you want to pounce, and which stocks do you want to buy?
Okay, I told club members that the answer is my new favorite stock in this market, Intel. We know the story. We had the CEO Lip-Bu Tan on our show, and he was talking about how we’re going to need a ton of CPUs… CPUs are Intel’s bread and butter.
As the demand for agentic AI explodes, it’s all about the ratio… In fact, Lip-Bu Tan told us it can go to as many as four CPUs for one GPU, four CPUs. That’s incredible. CPUs are Intel’s wheelhouse.