This Is the Top Artificial Intelligence (AI) Chip Stock to Buy Right Now, According to Jim Cramer (Hint: It’s Not Nvidia)
Publish Date: 2026-06-23 04:00:00
Source Domain: www.theglobeandmail.com
- Intel’s AI Potential: Initially lagging during the AI revolution, Intel’s legacy CPU business is gaining relevance as agentic AI workloads (self-operating AI systems) grow, particularly in orchestrating multiple autonomous tasks efficiently.
- Foundry Improvements: Intel’s foundry division has seen strategic investments from Nvidia and government funding, aiding its recovery. While still at a loss, the foundry’s ability to appeal to external clients promises a diversification away from legacy devices and reduces reliance on foreign manufacturers.
- Jim Cramer’s Endorsement: CNBC’s Jim Cramer named Intel his top AI chip stock, citing its CPU heritage and stable foundry operation, though his strong call has received mixed reactions, emphasizing the need to look beyond publicity for fundamental investment insights.
- Market Skepticism: Despite impressive stock performance this year, reaching over 263%, some investors remain cautious, recognizing the slow rollout of the agentic AI ecosystem and potential execution risks for Intel. The company faces challenges in convincing the market about its balanced AI stack advantage and achieving sustained growth.
- Competitive Position: Intel’s situation offers optionality not shared by GPU-centric companies; the demand for both GPUs and CPUs for agentic AI may favor balanced solutions, giving Intel potential edge in the infrastructure build-out for AI.
- Investment Consideration: While analyst opinions differ, Intel’s future hinges on converting the demand for CPUs and securing foundry clients into tangible design wins and sustainable earnings growth over the long term.
