Jim Cramer Says “Intel Can’t Be Allowed to Fail”

Intel Corporation (NASDAQ:INTC) is one of the stocks on Jim Cramer’s radar recently. Cramer commented on the company’s position in the AI era and remarked:

“Intel, a once great semiconductor company that’s been left behind by the AI revolution, needs money to get back in the game. Does it turn to a bank? No. It’s said to be turning to a company, much better than a bank. It’s turning to Apple. Now it’s not clear at all whether this is really happening. I want people to take a breath here because you know there’s been no confirmation from either side, and I’ve been working to try to confirm it for about 48 hours. But it’s natural to think that a distressed tech company like Intel would be seeking funds from Apple… No matter what, Intel can’t be allowed to fail.”

Ken Wolter / Shutterstock.com

Intel Corporation (NASDAQ:INTC) designs and manufactures semiconductor products, including CPUs, GPUs, SoCs, FPGAs, memory, storage, and networking solutions, alongside software and optimization tools for AI, security, and diverse compute environments.

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Disclosure: None. This article is originally published at Insider Monkey.

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