Chipzilla supremo, CEO Brian Krzanich, thinks Wall Street is starting to understand the company’s true potential with its move to a data-centric strategy.
In a recent interview CNBC’s “Mad Money” host Jim Cramer conducted with Krzanich on March 15 he said that despite the company’s issues with Meltdown and Spectre, Intel has fared relatively well on Wall Street, with the company’s stock price up roughly 13 percent since the beginning of this year.
“As we move to a much broader data-centric strategy, I think Wall Street’s just now starting to believe and understand just what that means — and you see it in our stock price, right? You see people believing in that.”
Krzanich downplayed a report that Intel was preparing a bid to acquire Broadcom before the competitor’s plan to buy Qualcomm was squashed by the Trump Administration.
“I can’t speak about rumors, but I can tell you we made two big acquisitions, biggest acquisitions in Intel’s history with Altera and Mobileye”, Krzanich told Cramer. “We’re heads down on making those successful, and they’re our growth engines for the future.”
