tech
Jim Cramer says this chipmaker is still a buy after soaring more than 200% this year
CNBC's Jim Cramer named Intel as his top stock pick, arguing that investors should focus on the company's future AI opportunities.
TL;DR
- Jim Cramer named Intel as his new favorite stock, despite its significant price increase.
- Cramer believes Intel's growth potential is driven by the increasing demand for AI infrastructure.
- The rise of agentic AI and inference could lead to a surge in demand for CPUs, Intel's primary product.
- A potential shortage of CPUs could give chipmakers, including Intel, immense pricing power and boost profits.
- Intel's nascent foundry business is also seen as a growth opportunity, as chip designers seek U.S.-based manufacturing alternatives.