Cramer's 'Mad Money' Recap: Old-School Tech

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In the past, the group that was usually sacrificed during a selloff was tech because it was too risky to hold on to, Jim Cramer said on his "Mad Money" TV show Thursday.

"Today the reverse is true."

Just look at Intel (INTC Quote), Texas Instruments (TXN Quote), Cisco Systems (CSCO Quote) and Microsoft(MSFT Quote) as proof, Cramer said.

In the old days, these stocks were the least secure, but now they have so much cash that not only do they not need to borrow, but they also have the potential to make big buybacks, he said.

Plus, historically these stocks have outperformed in the fourth quarter of the year.

Out of the tech stocks, Cramer said he's been close to Intel for years. In fact, in the 1990s he was a self-proclaimed "Intel-aholic," after which he fell off the wagon. But now he's back on and believes that people should consider buying this stock.

"You want Intel now," Cramer said, because August has historically been the bottom for the tech cycle. It's cheap and flushed with cash, and its growth rate is accelerating, he said.

And not only is it cheaper than Advanced Micro Devices (AMD Quote), but it's also the "much stronger part of the duopoly," Cramer said.