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Jim Cramer recently put Intel (INTC) at the top of his list, calling it his "favorite stock" on CNBC's “Mad Money.” After staying on the sidelines for years during the AI boom, Intel has finally started to catch up with its peers. Amid the excitement of its most ambitious transformations, INTC stock has surged 165% year-to-date (YTD), surpassing the market’s 8.7% gain. However, Cramer’s optimism for Intel isn’t just based on its quarterly performance or its turnaround story. It is actually based on where the semiconductor industry is investing billions of dollars over the next several years and how Intel fits into it. Let’s dig into this deeper.
