Intel Corporation (NASDAQ:INTC) is among the Stocks in focus as Jim Cramer analyzed the broader market impact of the recent rally in AI data centers.. Cramer highlighted the positive evolution of the company, as he commented:
The second group of stocks that is leading us up are fiber optics that help transport data within the data center. Now, we are talking about Lumentum, Coherent and Ciena; They are all part of the data center pipelines. NVIDIA has invested $2 billion each in Lumentum and Coherent, cementing relationships. Good investments. Again, there aren’t many companies in the fiber networking business. Semiconductors and companies related to them are always on the list of the biggest winners.
This time, it’s Intel that’s ahead because the company is buying back part of an Irish facility it sold to private equity when it really needed money. So, look, it’s a sign of strength that they’re buying it back. Intel’s balance sheet, after wobbling for so long, is now rock solid. Then Teradyne made it onto the list of top gainers. This is semiconductor test and measurement equipment. Again, tight, tight, tight.
Photo by Slejven Djurakovic on Unsplash
Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms.
While we recognize INTC’s potential as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: 33 stocks that should double in 3 years and 15 stocks that will make you rich in 10 years
Disclosure: None. Follow Insider Monkey on Google News.