Intel Corporation (NASDAQ:INTC) shares dropped 8.5% after a disappointing earnings report, warning of potential write-offs. Jim Cramer criticized CEO Patrick Gelsinger’s management, questioning the sustainability of the balance sheet. Cramer believes INTC’s foundry business may not be profitable, preferring AI stocks like NVIDIA for better returns.

Cramer expressed doubts about Intel Corporation (NASDAQ:INTC) CEO Lip-Bu Tan’s ability to turn the company around, suggesting it’s too early for a positive change. While INTC may have investment potential, Cramer sees greater promise in AI stocks with limited downside risk. Investors are urged to consider other AI stocks for higher returns.

Read more at Yahoo Finance: I Don’t Know If The Balance Sheet Is Sustainable, Says Jim Cramer