CNBC's Jim Cramer on Friday indicated he's grown more skeptical about Intel's turnaround plans under CEO Pat Gelsinger.
CNBC's Jim Cramer indicated Friday that he's grown more skeptical about Intel 's turnaround plan under CEO Pat Gelsinger. "You want to steer clear of this," Cramer said on "Squawk on the Street," as he reacted to fresh research on the iconic but embattled American chipmaker from Bernstein semiconductor analyst Stacy Rasgon. "I've been back and forth. I just don't know what to say. This piece, this may be the last nail.
mountain Intel's stock performance over the past five years compared with the VanEck Semiconductor ETF. In a note to clients Friday, Rasgon struck a critical tone on Intel, a few days after the company reported that its chip manufacturing business recorded an operating loss of $7 billion in 2023 , steeper losses than in the year prior.
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